Impax Asset Management Group plc Trims Position in Americold Realty Trust, Inc. (NYSE:COLD)

Impax Asset Management Group plc reduced its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 33.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,000 shares of the company's stock after selling 130,000 shares during the quarter. Impax Asset Management Group plc owned about 0.09% of Americold Realty Trust worth $7,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in COLD. Assetmark Inc. lifted its stake in Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock worth $28,000 after purchasing an additional 961 shares during the last quarter. GAMMA Investing LLC boosted its stake in Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock valued at $32,000 after buying an additional 735 shares in the last quarter. Blue Trust Inc. grew its position in Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company's stock valued at $75,000 after acquiring an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Americold Realty Trust during the second quarter worth about $85,000. Finally, Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $102,000 after acquiring an additional 740 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company increased 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. Robert W. Baird dropped their target price on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Truist Financial upped their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Scotiabank upped their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Finally, Barclays boosted their price objective on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.73.

Americold Realty Trust Stock Up 0.4 %

Shares of COLD stock traded up $0.09 on Friday, reaching $21.82. 2,522,510 shares of the company were exchanged, compared to its average volume of 2,192,365. Americold Realty Trust, Inc. has a one year low of $21.53 and a one year high of $30.92. The company has a 50-day moving average of $26.67 and a 200-day moving average of $26.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.16. The company has a market cap of $6.20 billion, a price-to-earnings ratio of -21.60, a PEG ratio of 1.76 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. Americold Realty Trust's revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. Analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.03%. Americold Realty Trust's dividend payout ratio (DPR) is presently -87.13%.

About Americold Realty Trust

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.