HGI Capital Management LLC Decreases Stake in Americold Realty Trust, Inc. (NYSE:COLD)

HGI Capital Management LLC lessened its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 29.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,843 shares of the company's stock after selling 53,043 shares during the period. Americold Realty Trust accounts for 3.1% of HGI Capital Management LLC's holdings, making the stock its 14th biggest holding. HGI Capital Management LLC's holdings in Americold Realty Trust were worth $3,558,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. PGGM Investments acquired a new stake in Americold Realty Trust during the 2nd quarter valued at approximately $114,436,000. FMR LLC boosted its stake in shares of Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company's stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Americold Realty Trust by 30.8% during the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company's stock worth $390,783,000 after buying an additional 3,602,337 shares during the period. Deprince Race & Zollo Inc. raised its stake in Americold Realty Trust by 2,542.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company's stock worth $43,733,000 after buying an additional 1,647,522 shares during the last quarter. Finally, Darlington Partners Capital Management LP lifted its holdings in Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company's stock valued at $230,321,000 after buying an additional 1,183,571 shares during the period. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Shares of NYSE COLD traded down $0.17 during mid-day trading on Friday, reaching $23.87. 1,457,228 shares of the company's stock traded hands, compared to its average volume of 2,196,659. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 1-year low of $21.53 and a 1-year high of $30.92. The business has a 50-day simple moving average of $25.65 and a 200 day simple moving average of $26.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business's revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust's dividend payout ratio is -87.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price target on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Barclays cut their price target on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Finally, Scotiabank increased their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.55.

Americold Realty Trust Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.