Landscape Capital Management L.L.C. Sells 16,876 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Landscape Capital Management L.L.C. trimmed its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 50.8% in the 3rd quarter, Holdings Channel reports. The fund owned 16,347 shares of the company’s stock after selling 16,876 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Americold Realty Trust were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PGGM Investments bought a new stake in Americold Realty Trust in the 2nd quarter valued at $114,436,000. Principal Financial Group Inc. lifted its stake in shares of Americold Realty Trust by 30.8% in the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after buying an additional 3,602,337 shares during the period. Deprince Race & Zollo Inc. grew its position in Americold Realty Trust by 2,542.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after buying an additional 1,647,522 shares in the last quarter. Darlington Partners Capital Management LP increased its stake in Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after acquiring an additional 1,183,571 shares during the period. Finally, Lasalle Investment Management Securities LLC acquired a new position in Americold Realty Trust in the 1st quarter valued at approximately $27,996,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.9 %

NYSE COLD opened at $23.09 on Friday. The stock’s 50 day simple moving average is $26.01 and its 200 day simple moving average is $26.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust, Inc. has a one year low of $21.53 and a one year high of $30.92. The firm has a market cap of $6.56 billion, a PE ratio of -22.86, a price-to-earnings-growth ratio of 1.80 and a beta of 0.61.

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

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.81%. Americold Realty Trust’s payout ratio is -87.13%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on COLD shares. Barclays decreased their price objective 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. Evercore ISI boosted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Scotiabank raised their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Wells Fargo & Company upped their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

About Americold Realty Trust

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.