Advisors Asset Management Inc. Has $450,000 Holdings in Americold Realty Trust Inc. $COLD

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 stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 48.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,963 shares of the company's stock after selling 19,436 shares during the period. Advisors Asset Management Inc.'s holdings in Americold Realty Trust were worth $450,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of COLD. Magnetar Financial LLC bought a new position in shares of Americold Realty Trust in the first quarter worth $5,055,000. GKV Capital Management Co. Inc. acquired a new stake in Americold Realty Trust during the first quarter worth about $36,000. Earnest Partners LLC increased its holdings in Americold Realty Trust by 2.8% in the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company's stock valued at $55,690,000 after buying an additional 71,069 shares during the period. Eisler Capital Management Ltd. bought a new position in Americold Realty Trust in the 1st quarter valued at about $9,526,000. Finally, Ieq Capital LLC acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at approximately $734,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COLD shares. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Barclays dropped their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Scotiabank lowered their target price on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, September 5th. Finally, KeyCorp reduced their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.00.

Americold Realty Trust Trading Up 0.7%

COLD traded up $0.09 during trading on Tuesday, reaching $13.74. 4,483,486 shares of the company's stock were exchanged, compared to its average volume of 5,420,220. 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 one year low of $13.10 and a one year high of $29.50. The firm has a fifty day moving average price of $15.17 and a two-hundred day moving average price of $17.58. The stock has a market capitalization of $3.91 billion, a PE ratio of -72.32, a price-to-earnings-growth ratio of 4.28 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. Americold Realty Trust's revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given 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 is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is -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.