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

Janney Capital Management LLC trimmed its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 3.9% in the third quarter, Holdings Channel.com reports. The firm owned 13,603 shares of the company’s stock after selling 556 shares during the quarter. Janney Capital Management LLC’s holdings in Americold Realty Trust were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Cambiar Investors LLC grew its holdings in Americold Realty Trust by 1.4% in the third quarter. Cambiar Investors LLC now owns 460,816 shares of the company’s stock valued at $13,027,000 after purchasing an additional 6,175 shares during the period. US Bancorp DE grew its stake in Americold Realty Trust by 2.0% during the third quarter. US Bancorp DE now owns 92,319 shares of the company’s stock worth $2,610,000 after buying an additional 1,783 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Americold Realty Trust by 195.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,302 shares of the company’s stock worth $772,000 after buying an additional 18,062 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Americold Realty Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,474 shares of the company’s stock worth $300,000 after buying an additional 2,703 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Americold Realty Trust during the third quarter worth approximately $8,370,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Robert W. Baird boosted their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Evercore ISI boosted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial boosted 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. Finally, Scotiabank boosted 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. Two equities 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, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Trading Down 1.1 %

COLD opened at $25.39 on Monday. The stock has a market capitalization of $7.21 billion, a PE ratio of -25.14, a P/E/G ratio of 1.70 and a beta of 0.61. The firm’s fifty day moving average price is $27.81 and its 200 day moving average price is $26.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, research analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.47%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

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.