Sanctuary Advisors LLC Trims Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Sanctuary Advisors LLC reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 34.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,514 shares of the company’s stock after selling 9,684 shares during the period. Sanctuary Advisors LLC’s holdings in Americold Realty Trust were worth $523,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Americold Realty Trust by 9.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock valued at $39,936,000 after purchasing an additional 123,776 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after purchasing an additional 165,667 shares during the period. Foresight Group Ltd Liability Partnership lifted its stake in shares of Americold Realty Trust by 231.7% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 73,540 shares of the company’s stock valued at $2,079,000 after buying an additional 51,372 shares in the last quarter. International Assets Investment Management LLC bought a new position in Americold Realty Trust in the 3rd quarter worth $8,370,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Americold Realty Trust in the 3rd quarter worth $1,696,000. 98.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $21.43 on Thursday. The company’s 50-day moving average price is $23.78 and its 200-day moving average price is $26.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.09 billion, a PE ratio of -21.22, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59. Americold Realty Trust, Inc. has a twelve month low of $20.98 and a twelve month high of $30.59.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company 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%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Scotiabank lowered their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Evercore ISI lifted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Raymond James reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.17.

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.