Clearbridge Investments LLC Trims Holdings in Americold Realty Trust (NYSE:COLD)

Clearbridge Investments LLC trimmed its stake in shares of Americold Realty Trust (NYSE:COLD) by 0.0% during the 2nd quarter, Holdings Channel reports. The fund owned 1,596,667 shares of the company’s stock after selling 466 shares during the quarter. Clearbridge Investments LLC’s holdings in Americold Realty Trust were worth $60,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Americold Realty Trust by 6.5% during the second quarter. Vanguard Group Inc. now owns 35,060,555 shares of the company’s stock worth $1,327,042,000 after acquiring an additional 2,138,166 shares during the period. Cohen & Steers Inc. grew its holdings in Americold Realty Trust by 16.6% in the first quarter. Cohen & Steers Inc. now owns 24,646,507 shares of the company’s stock valued at $948,158,000 after purchasing an additional 3,501,700 shares during the period. Victory Capital Management Inc. grew its holdings in Americold Realty Trust by 25.4% in the second quarter. Victory Capital Management Inc. now owns 6,300,231 shares of the company’s stock valued at $238,464,000 after purchasing an additional 1,277,697 shares during the period. Parnassus Investments CA grew its holdings in Americold Realty Trust by 21.6% in the second quarter. Parnassus Investments CA now owns 4,906,386 shares of the company’s stock valued at $185,707,000 after purchasing an additional 873,065 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Americold Realty Trust by 12.3% in the second quarter. JPMorgan Chase & Co. now owns 4,682,086 shares of the company’s stock valued at $177,218,000 after purchasing an additional 511,332 shares during the period.

Shares of Americold Realty Trust stock opened at $29.74 on Thursday. Americold Realty Trust has a one year low of $27.88 and a one year high of $40.85. The company has a market cap of $7.76 billion, a price-to-earnings ratio of -114.38, a PEG ratio of 17.96 and a beta of 0.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50 day moving average price is $34.13 and its 200 day moving average price is $37.14.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Wednesday, August 4th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.15). Americold Realty Trust had a negative return on equity of 1.76% and a negative net margin of 2.57%. On average, analysts predict that Americold Realty Trust will post 1.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.96%. Americold Realty Trust’s payout ratio is presently 68.22%.

Several equities analysts have recently weighed in on the company. Barclays raised their target price on Americold Realty Trust from $30.00 to $38.00 and gave the company an “underweight” rating in a research report on Wednesday, September 22nd. Raymond James downgraded Americold Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, August 6th. Zacks Investment Research downgraded Americold Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 13th. Truist decreased their target price on Americold Realty Trust from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, September 21st. Finally, Royal Bank of Canada decreased their target price on Americold Realty Trust from $44.00 to $38.00 and set an “outperform” rating on the stock in a research report on Thursday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.86.

Americold Realty Trust 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 firm’s real estate portfolio.

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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