Impax Asset Management Group plc Sells 130,000 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Impax Asset Management Group plc lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 33.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 260,000 shares of the company's stock after selling 130,000 shares during the period. Impax Asset Management Group plc owned about 0.09% of Americold Realty Trust worth $7,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its position in shares of Americold Realty Trust by 9.2% in the first quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company's stock valued at $10,922,000 after acquiring an additional 36,811 shares during the period. Centersquare Investment Management LLC boosted its position in shares of Americold Realty Trust by 100.3% in the first quarter. Centersquare Investment Management LLC now owns 1,798,751 shares of the company's stock valued at $44,825,000 after acquiring an additional 900,815 shares during the period. Sei Investments Co. boosted its position in shares of Americold Realty Trust by 14.2% in the first quarter. Sei Investments Co. now owns 1,627,556 shares of the company's stock valued at $40,559,000 after acquiring an additional 201,911 shares during the period. Swiss National Bank boosted its position in shares of Americold Realty Trust by 5.1% in the first quarter. Swiss National Bank now owns 559,700 shares of the company's stock valued at $13,948,000 after acquiring an additional 27,100 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Americold Realty Trust in the first quarter valued at approximately $1,401,000. Institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Scotiabank lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Barclays lifted their price target 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. Finally, Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.18.

Americold Realty Trust Stock Down 3.6 %

NYSE:COLD traded down $0.93 on Wednesday, reaching $25.26. 3,733,853 shares of the stock traded hands, compared to its average volume of 2,160,400. Americold Realty Trust, Inc. has a 12 month low of $21.87 and a 12 month high of $30.92. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of -25.94, a PEG ratio of 1.68 and a beta of 0.61. The company's fifty day simple moving average is $27.67 and its 200 day simple moving average is $26.86. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to analysts' expectations of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. Americold Realty Trust's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.48%. Americold Realty Trust's dividend payout ratio (DPR) is -87.13%.

Americold Realty Trust Company 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.