Impax Asset Management Group plc Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

Impax Asset Management Group plc decreased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 33.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,000 shares of the company’s stock after selling 130,000 shares during the period. Impax Asset Management Group plc owned about 0.09% of Americold Realty Trust worth $7,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COLD. PGGM Investments purchased a new stake in Americold Realty Trust during the second quarter worth about $114,436,000. Long Pond Capital LP purchased a new stake in Americold Realty Trust during the first quarter worth about $106,206,000. Principal Financial Group Inc. boosted its holdings in Americold Realty Trust by 30.8% during the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after buying an additional 3,602,337 shares in the last quarter. V3 Capital Management L.P. boosted its holdings in Americold Realty Trust by 181.5% during the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after buying an additional 1,680,275 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in Americold Realty Trust by 2,542.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after buying an additional 1,647,522 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on COLD. Wells Fargo & Company lifted their target price on shares of 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. Barclays lifted their target price on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. 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. Robert W. Baird cut their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Truist Financial lifted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.73.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $21.85 on Friday. The firm has a fifty 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. Americold Realty Trust, Inc. has a 1-year low of $21.53 and a 1-year high of $30.92. The firm has a market cap of $6.21 billion, a P/E ratio of -21.63, a P/E/G ratio of 1.76 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last posted 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 business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. As a group, research analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 4.03%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Americold Realty Trust Company 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.