Oppenheimer Asset Management Inc. Has $1.41 Million Stock Holdings in Americold Realty Trust Inc. $COLD

Oppenheimer Asset Management Inc. lowered its stake in Americold Realty Trust Inc. (NYSE:COLD) by 3.4% during the second quarter, Holdings Channel.com reports. The fund owned 84,722 shares of the company’s stock after selling 2,984 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Americold Realty Trust were worth $1,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Americold Realty Trust by 7.8% during the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock valued at $347,167,000 after purchasing an additional 1,169,063 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Americold Realty Trust by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after purchasing an additional 73,856 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock valued at $89,247,000 after buying an additional 3,603,716 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Americold Realty Trust by 28.0% in the first quarter. American Century Companies Inc. now owns 3,917,087 shares of the company’s stock valued at $84,061,000 after buying an additional 855,883 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Americold Realty Trust by 46.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock valued at $62,470,000 after buying an additional 1,182,707 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $12.70 on Friday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -66.83, a PEG ratio of 4.00 and a beta of 0.81. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a 12 month low of $11.90 and a 12 month high of $26.42. The stock’s 50 day moving average is $13.48 and its 200-day moving average is $15.84.

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

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.23 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.2%. Americold Realty Trust’s dividend payout ratio is -484.21%.

Analyst Ratings Changes

COLD has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. Barclays dropped their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Scotiabank reduced their price target on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, September 5th. KeyCorp lowered their price target on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Truist Financial cut their price objective on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.