IQ EQ FUND MANAGEMENT IRELAND Ltd Cuts Stock Position in Americold Realty Trust Inc. $COLD

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 129,926 shares of the company’s stock after selling 5,678 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Americold Realty Trust were worth $2,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Y Intercept Hong Kong Ltd increased its stake in Americold Realty Trust by 544.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 221,879 shares of the company’s stock worth $3,690,000 after buying an additional 187,448 shares in the last quarter. Whipplewood Advisors LLC increased its stake in Americold Realty Trust by 10,869.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after buying an additional 2,500 shares in the last quarter. AlphaQuest LLC increased its stake in Americold Realty Trust by 7.3% in the 2nd quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock worth $155,000 after buying an additional 633 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Americold Realty Trust by 46.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock worth $62,470,000 after buying an additional 1,182,707 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after buying an additional 1,495 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 4.9%

Shares of NYSE COLD opened at $13.40 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $3.82 billion, a P/E ratio of -70.51, a PEG ratio of 4.49 and a beta of 0.81. Americold Realty Trust Inc. has a 1 year low of $11.90 and a 1 year high of $26.42. The firm has a 50-day simple moving average of $13.55 and a two-hundred day simple moving average of $15.91.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $650.75 million during 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 firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Research analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 6.9%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -484.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on COLD shares. KeyCorp cut their price target on 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. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 price objective (down previously from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Evercore ISI cut their price objective on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, September 8th. Finally, Robert W. Baird cut their price objective on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Americold Realty Trust has an average rating of “Hold” and an average price target of $18.08.

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.