Americold Realty Trust Inc. $COLD Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. reduced its stake in Americold Realty Trust Inc. by 48.1%, selling 19,436 shares and ending with a total of 20,963 shares valued at approximately $450,000.
• During the first quarter, other large investors also adjusted their holdings, with significant increases from firms like Parallel Advisors LLC and Assetmark Inc., along with new stakes from Avalon Trust Co. and Spire Wealth Management.
• Americold Realty Trust declared a quarterly dividend of $0.23 per share, yielding 7.0%, with an ex-dividend date of September 30th.

Advisors Asset Management Inc. cut its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 48.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,963 shares of the company's stock after selling 19,436 shares during the quarter. Advisors Asset Management Inc.'s holdings in Americold Realty Trust were worth $450,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in Americold Realty Trust during the first quarter worth $494,000. Vision Capital Corp lifted its stake in Americold Realty Trust by 3.6% during the first quarter. Vision Capital Corp now owns 1,237,320 shares of the company's stock worth $26,553,000 after purchasing an additional 42,600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Americold Realty Trust by 1.8% during the first 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 during the last quarter. Earnest Partners LLC lifted its stake in Americold Realty Trust by 2.8% during the first quarter. Earnest Partners LLC now owns 2,595,058 shares of the company's stock worth $55,690,000 after purchasing an additional 71,069 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in Americold Realty Trust by 14.8% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company's stock worth $59,794,000 after purchasing an additional 358,694 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank reduced their price objective on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, September 5th. Wells Fargo & Company dropped their target price on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada dropped their target price on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 18th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.00.

Americold Realty Trust Stock Performance

NYSE COLD traded up $0.19 during trading hours on Friday, hitting $13.80. The company had a trading volume of 4,993,959 shares, compared to its average volume of 5,099,445. Americold Realty Trust Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $29.50. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $15.28 and a 200-day simple moving average of $17.71. The firm has a market cap of $3.93 billion, a P/E ratio of -72.63, a price-to-earnings-growth ratio of 4.26 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its 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. The firm had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. Equities analysts predict 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 will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is -484.21%.

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.