Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Makena Capital Management LLC

Makena Capital Management LLC decreased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,926 shares of the company’s stock after selling 8,187 shares during the period. Americold Realty Trust accounts for about 2.2% of Makena Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Makena Capital Management LLC’s holdings in Americold Realty Trust were worth $9,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Americold Realty Trust by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after purchasing an additional 1,095,116 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Americold Realty Trust by 11.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 379,571 shares of the company’s stock worth $9,455,000 after acquiring an additional 39,066 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Americold Realty Trust during the 1st quarter worth about $1,456,000. Westwood Holdings Group Inc. grew its stake in Americold Realty Trust by 24.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock valued at $27,053,000 after acquiring an additional 209,942 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Americold Realty Trust by 9.2% in the 1st quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock valued at $10,922,000 after purchasing an additional 36,811 shares during the period. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COLD shares. Scotiabank upped their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Barclays cut their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday. 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 research report on Friday, November 8th. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company raised their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $22.82 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a fifty day simple moving average of $26.25 and a 200-day simple moving average of $26.84. Americold Realty Trust, Inc. has a 1-year low of $21.53 and a 1-year high of $30.92.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share 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 analyst estimates 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 firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -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.