Americold Realty Trust Inc. $COLD Holdings Raised by Adelante Capital Management LLC

Key Points

• Adelante Capital Management LLC increased its stake in Americold Realty Trust by 5.4% during the first quarter, owning approximately 465,202 shares worth about $9.98 million.
• Americold Realty Trust recently reported an earnings per share (EPS) of $0.36 for the quarter, exceeding analysts' expectations, although its revenue declined by 1.5% year-over-year.
• The company announced a quarterly dividend of $0.23 per share, resulting in an annualized yield of 6.6%, despite a high payout ratio of -484.21%.

Adelante Capital Management LLC grew its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,202 shares of the company's stock after buying an additional 23,710 shares during the quarter. Adelante Capital Management LLC owned 0.16% of Americold Realty Trust worth $9,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV purchased a new stake in Americold Realty Trust in the 4th quarter valued at approximately $265,000. Bank of America Corp DE lifted its position in shares of Americold Realty Trust by 18.1% in the fourth quarter. Bank of America Corp DE now owns 1,490,260 shares of the company's stock valued at $31,892,000 after acquiring an additional 228,662 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Americold Realty Trust during the fourth quarter valued at $326,000. Graham Capital Management L.P. purchased a new stake in Americold Realty Trust during the 4th quarter worth about $345,000. Finally, Hudson Bay Capital Management LP acquired a new position in Americold Realty Trust in the 4th quarter valued at about $13,610,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COLD. Evercore ISI lowered their price target on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Monday. Truist Financial lowered their target price on shares of Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. KeyCorp decreased their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Finally, Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Americold Realty Trust Trading Down 2.1%

COLD traded down $0.29 on Wednesday, reaching $13.19. 7,744,080 shares of the company's stock were exchanged, compared to its average volume of 4,566,926. Americold Realty Trust Inc. has a twelve month low of $13.10 and a twelve month high of $29.50. The company's 50 day moving average is $15.41 and its 200-day moving average is $17.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 4.20 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The company had revenue of $650.75 million for the quarter, compared to analyst estimates 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 business's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Equities analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.0%. Americold Realty Trust's payout ratio is presently -484.21%.

About Americold Realty Trust

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.