IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 22.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,097 shares of the company’s stock after selling 36,134 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Americold Realty Trust were worth $3,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PGGM Investments purchased a new position in shares of Americold Realty Trust in the 2nd quarter valued at $114,436,000. Long Pond Capital LP acquired a new position in Americold Realty Trust in the first quarter valued at $106,206,000. Principal Financial Group Inc. boosted its stake in Americold Realty Trust by 49.6% in the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after acquiring an additional 3,879,632 shares in the last quarter. V3 Capital Management L.P. increased its position in shares of 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 purchasing an additional 1,680,275 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Americold Realty Trust by 2,542.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after purchasing an additional 1,647,522 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 0.9 %

Shares of Americold Realty Trust stock opened at $27.03 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of -23.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Americold Realty Trust, Inc. has a 52-week low of $21.87 and a 52-week high of $30.92. The company’s 50-day simple moving average is $28.47 and its 200-day simple moving average is $26.60.

Americold Realty Trust (NYSE:COLD) last released its 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 business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current 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 3.26%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -75.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Robert W. Baird raised their price target on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Barclays lowered their target price on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Scotiabank upped their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Evercore ISI raised their price objective 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. Finally, Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Monday, July 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Americold Realty Trust 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.