Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Vision Capital Corp

Vision Capital Corp lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 38.9% during the third quarter, HoldingsChannel reports. The firm owned 829,720 shares of the company’s stock after selling 527,600 shares during the period. Americold Realty Trust accounts for 3.8% of Vision Capital Corp’s portfolio, making the stock its 7th largest position. Vision Capital Corp’s holdings in Americold Realty Trust were worth $23,456,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust in the 3rd quarter valued at about $55,000. Algert Global LLC grew its position in shares of Americold Realty Trust by 24.0% in the 3rd quarter. Algert Global LLC now owns 494,246 shares of the company’s stock worth $13,972,000 after acquiring an additional 95,630 shares in the last quarter. Cerity Partners LLC grew its position in shares of Americold Realty Trust by 87.2% in the 3rd quarter. Cerity Partners LLC now owns 54,873 shares of the company’s stock worth $1,551,000 after acquiring an additional 25,554 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after acquiring an additional 165,667 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Americold Realty Trust by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COLD shares. Evercore ISI boosted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company raised 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 report on Wednesday, August 28th. Scotiabank lifted their target price on 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. Robert W. Baird dropped their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Barclays cut their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.55.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $23.08 on Monday. Americold Realty Trust, Inc. has a 12-month low of $21.53 and a 12-month high of $30.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50 day simple moving average of $26.01 and a 200 day simple moving average of $26.88.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same period in the previous year, the company posted $0.32 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.81%. Americold Realty Trust’s payout ratio 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.