Amundi Trims Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Amundi reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 8.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 214,857 shares of the company’s stock after selling 20,020 shares during the period. Amundi’s holdings in Americold Realty Trust were worth $4,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in 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 purchasing an additional 961 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust in the 3rd quarter worth $55,000. Blue Trust Inc. boosted its stake in shares of Americold Realty Trust by 100.6% in the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock worth $167,000 after acquiring an additional 3,903 shares during the period. Finally, Point72 DIFC Ltd increased its holdings in Americold Realty Trust by 405.7% in the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after acquiring an additional 5,797 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the subject of several research analyst reports. Scotiabank raised their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Barclays cut 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 report on Monday, November 18th. Truist Financial decreased their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Raymond James dropped their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Finally, Citigroup decreased their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Americold Realty Trust Stock Up 3.1 %

Shares of NYSE COLD opened at $21.39 on Friday. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The firm has a 50-day simple moving average of $21.73 and a two-hundred day simple moving average of $24.04. The company has a market cap of $6.08 billion, a P/E ratio of -62.90, a PEG ratio of 1.66 and a beta of 0.57. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is presently -258.82%.

About Americold Realty Trust

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.