Americold Realty Trust Inc. $COLD Stock: Sumitomo Mitsui Trust Group Inc. Reduces Stake

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,956,031 shares of the company’s stock after selling 260,107 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.04% of Americold Realty Trust worth $41,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Americold Realty Trust by 51.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,222 shares of the company’s stock worth $48,000 after acquiring an additional 1,441 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Americold Realty Trust by 13.2% during the 2nd quarter. Rehmann Capital Advisory Group now owns 12,768 shares of the company’s stock valued at $201,000 after purchasing an additional 1,492 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Americold Realty Trust by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,719 shares of the company’s stock valued at $226,000 after acquiring an additional 1,529 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Americold Realty Trust by 79.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,834 shares of the company’s stock valued at $60,000 after buying an additional 1,699 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its position in Americold Realty Trust by 6.8% during the second quarter. Legacy Wealth Asset Management LLC now owns 35,918 shares of the company’s stock valued at $565,000 after buying an additional 2,285 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Trading Up 4.2%

Shares of Americold Realty Trust stock opened at $15.17 on Thursday. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average is $14.35 and its two-hundred day moving average is $13.83. The firm has a market cap of $4.33 billion, a PE ratio of -9.54 and a beta of 0.93.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $662.89 million during the quarter, compared to analysts’ expectations of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Analysts anticipate that Americold Realty Trust Inc. will post 1.22 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -57.86%.

Analysts Set New Price Targets

COLD has been the topic of several research reports. Piper Sandler decreased their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Weiss Ratings downgraded Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.00 to $16.00 in a research note on Tuesday, August 18th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Thursday, September 24th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.46.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. Through its operating platform, Americold Logistics, the company provides refrigerated and frozen storage, handling, transportation and supply-chain services for food producers, retailers, distributors and other customers.

Its facilities support the movement of perishable products, including meat, seafood, dairy, fruit, vegetables, prepared foods and pharmaceuticals.