Alyeska Investment Group L.P. Has $66.19 Million Stock Holdings in Americold Realty Trust Inc. $COLD

Key Points

• Alyeska Investment Group L.P. has reduced its holding in Americold Realty Trust by 51.7%, now owning $66.19 million in shares after selling over 3.3 million shares.
• Despite this reduction, other institutional investors increased their positions in Americold, with Massachusetts Financial Services raising its stake by 649.2%.
• Americold Realty Trust recently announced a quarterly dividend of $0.23 per share, reflecting a dividend yield of 6.6%.

Alyeska Investment Group L.P. reduced its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 51.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,084,168 shares of the company's stock after selling 3,303,570 shares during the period. Alyeska Investment Group L.P. owned about 1.08% of Americold Realty Trust worth $66,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COLD. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust in the 1st quarter worth approximately $36,000. Parallel Advisors LLC lifted its holdings in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares in the last quarter. Avalon Trust Co acquired a new position in Americold Realty Trust in the 1st quarter worth $49,000. Finally, Spire Wealth Management acquired a new position in Americold Realty Trust in the 1st quarter worth $52,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Down 3.5%

Americold Realty Trust stock traded down $0.48 during trading hours on Monday, hitting $13.49. The company had a trading volume of 4,772,112 shares, compared to its average volume of 3,107,237. The firm has a market capitalization of $3.84 billion, a P/E ratio of -70.98, a price-to-earnings-growth ratio of 4.32 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm's fifty day moving average is $15.61 and its 200-day moving average is $17.98. Americold Realty Trust Inc. has a fifty-two week low of $13.41 and a fifty-two week high of $29.58.

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, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.8%. Americold Realty Trust's dividend payout ratio is -484.21%.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. Wall Street Zen raised shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company lowered their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. KeyCorp reduced their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Finally, Evercore ISI reduced their target price on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

Americold Realty Trust 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.