Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,000,748 shares of the company’s stock after selling 119,016 shares during the period. Daiwa Securities Group Inc.’s holdings in Americold Realty Trust were worth $107,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Americold Realty Trust by 9.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after acquiring an additional 123,776 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after purchasing an additional 35,973 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after purchasing an additional 165,667 shares during the last quarter. TCW Group Inc. increased its stake in shares of Americold Realty Trust by 21.6% in the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after purchasing an additional 14,386 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Americold Realty Trust by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock valued at $1,139,000 after buying an additional 17,295 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on COLD shares. Citigroup decreased their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Truist Financial decreased their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Raymond James cut their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Barclays decreased their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Scotiabank reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Stock Performance

Shares of COLD opened at $22.67 on Monday. Americold Realty Trust, Inc. has a 12-month low of $20.41 and a 12-month high of $30.45. The stock has a market capitalization of $6.45 billion, a P/E ratio of -66.66, a P/E/G ratio of 1.66 and a beta of 0.57. The firm’s 50 day moving average is $21.74 and its 200-day moving average is $24.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 3.88%. Americold Realty Trust’s payout ratio is presently -258.82%.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.