Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,678 shares of the company’s stock after buying an additional 123,776 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.50% of Americold Realty Trust worth $39,936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 1832 Asset Management L.P. boosted its stake in shares of Americold Realty Trust by 9.2% during the 1st quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock worth $10,922,000 after acquiring an additional 36,811 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Americold Realty Trust during the first quarter worth $1,401,000. Tidal Investments LLC grew its holdings in Americold Realty Trust by 479.9% in the first quarter. Tidal Investments LLC now owns 90,374 shares of the company’s stock valued at $2,252,000 after purchasing an additional 74,790 shares during the last quarter. PGGM Investments purchased a new position in shares of Americold Realty Trust in the second quarter valued at $114,436,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Americold Realty Trust in the 2nd quarter worth about $4,460,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

COLD has been the subject of a number of research reports. Scotiabank lifted 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 report on Monday, August 19th. Evercore ISI lifted their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Robert W. Baird lowered their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company raised their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Barclays upped their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.73.

Americold Realty Trust Stock Up 0.6 %

COLD opened at $21.85 on Friday. Americold Realty Trust, Inc. has a 12 month low of $21.53 and a 12 month high of $30.92. The business has a 50-day moving average of $26.67 and a two-hundred 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 stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -21.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The company had revenue of $674.17 million during the quarter, compared to analysts’ expectations 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 for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. On average, research analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

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.