Victory Capital Management Inc. Lowers Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Victory Capital Management Inc. lowered its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,368 shares of the company’s stock after selling 601 shares during the period. Victory Capital Management Inc.’s holdings in Americold Realty Trust were worth $1,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after acquiring an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust during the second quarter valued at $85,000. Finally, Signaturefd LLC increased its holdings in shares of Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

NYSE COLD opened at $24.04 on Thursday. The stock has a 50-day moving average of $25.83 and a 200 day moving average of $26.88. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of -23.43, a PEG ratio of 1.89 and a beta of 0.61. Americold Realty Trust, Inc. has a one year low of $21.53 and a one year high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its quarterly 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 firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.39 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.66%. Americold Realty Trust’s payout ratio is currently -87.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COLD. Barclays reduced their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Wells Fargo & Company raised their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI raised their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada reduced their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Finally, Robert W. Baird reduced their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

About Americold Realty Trust

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.