Cibc World Markets Corp Trims Stock Holdings in Americold Realty Trust (NYSE:COLD)

Cibc World Markets Corp lowered its holdings in shares of Americold Realty Trust (NYSE:COLDGet Rating) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 133,359 shares of the company’s stock after selling 17,911 shares during the period. Cibc World Markets Corp’s holdings in Americold Realty Trust were worth $4,373,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in COLD. Whittier Trust Co. purchased a new stake in shares of Americold Realty Trust during the fourth quarter worth about $26,000. National Bank of Canada FI bought a new position in Americold Realty Trust during the fourth quarter valued at approximately $27,000. Industrial Alliance Investment Management Inc. bought a new position in Americold Realty Trust during the fourth quarter valued at approximately $27,000. Parallel Advisors LLC boosted its stake in Americold Realty Trust by 158.9% during the fourth quarter. Parallel Advisors LLC now owns 1,476 shares of the company’s stock valued at $48,000 after buying an additional 906 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Americold Realty Trust by 63.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,726 shares of the company’s stock valued at $57,000 after buying an additional 667 shares during the last quarter.

A number of equities analysts recently commented on the company. Barclays dropped their price target on Americold Realty Trust from $30.00 to $27.00 and set an “underweight” rating for the company in a research note on Friday, April 1st. TheStreet lowered Americold Realty Trust from a “c-” rating to a “d+” rating in a research note on Thursday, March 17th. JPMorgan Chase & Co. lowered Americold Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $30.00 in a research note on Friday, February 25th. Zacks Investment Research lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Finally, Royal Bank of Canada lowered their price objective on Americold Realty Trust from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.36.

In other Americold Realty Trust news, insider Thomas C. Novosel sold 9,000 shares of the firm’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $27.52, for a total transaction of $247,680.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Shares of NYSE COLD opened at $24.97 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.17 and a current ratio of 0.17. The business’s 50 day moving average price is $27.07 and its 200-day moving average price is $28.94. Americold Realty Trust has a fifty-two week low of $23.96 and a fifty-two week high of $40.85. The company has a market cap of $6.72 billion, a price-to-earnings ratio of -208.08, a PEG ratio of 10.68 and a beta of 0.34.

Americold Realty Trust (NYSE:COLDGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. Americold Realty Trust had a negative return on equity of 0.84% and a negative net margin of 1.20%. The firm had revenue of $705.70 million for the quarter, compared to the consensus estimate of $686.89 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Sell-side analysts predict that Americold Realty Trust will post 0.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.88 annualized dividend and a yield of 3.52%. Americold Realty Trust’s payout ratio is currently -733.33%.

Americold Realty Trust Company Profile (Get Rating)

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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