William Blair Investment Management LLC Sells 798,240 Shares of Americold Realty Trust Inc. $COLD

William Blair Investment Management LLC trimmed its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 23.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,664,598 shares of the company’s stock after selling 798,240 shares during the quarter. William Blair Investment Management LLC owned about 0.94% of Americold Realty Trust worth $44,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP bought a new position in shares of Americold Realty Trust in the 1st quarter worth about $494,000. Vision Capital Corp increased its stake in shares of Americold Realty Trust by 3.6% in the 1st quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock worth $26,553,000 after acquiring an additional 42,600 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Americold Realty Trust by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after acquiring an additional 73,856 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Americold Realty Trust by 2.8% in the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after acquiring an additional 71,069 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Americold Realty Trust by 14.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock worth $59,794,000 after acquiring an additional 358,694 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $13.66 on Friday. The firm’s 50-day moving average price is $13.69 and its 200-day moving average price is $16.18. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.89 billion, a PE ratio of -71.89, a PEG ratio of 4.35 and a beta of 0.81. Americold Realty Trust Inc. has a 52-week low of $11.90 and a 52-week high of $26.90.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. As a group, analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -484.21%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on COLD shares. Robert W. Baird decreased their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Barclays reduced their price objective on shares of Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Scotiabank reduced their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, September 5th. KeyCorp reduced their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Finally, Zacks Research lowered shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.31.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.