Americold Realty Trust Inc. $COLD Shares Bought by Vanderbilt University

Key Points

• Vanderbilt University increased its holdings in Americold Realty Trust by 54.3%, acquiring an additional 25,731 shares, bringing their total to 73,146 shares valued at approximately $1.216 million.
• Recent analyst reports show a downward adjustment of price targets for Americold Realty Trust, with companies like Wells Fargo and Evercore ISI reducing targets to $15.00 and $19.00, respectively.
• The company declared a quarterly dividend of $0.23 to be paid on October 15, representing an annualized dividend yield of 7.4%, despite a significant negative payout ratio of -484.21%.

Vanderbilt University grew its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 54.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,146 shares of the company's stock after acquiring an additional 25,731 shares during the period. Vanderbilt University's holdings in Americold Realty Trust were worth $1,216,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of COLD. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust during the 1st quarter valued at about $36,000. Parallel Advisors LLC boosted its position in Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the period. Assetmark Inc. raised its holdings in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after purchasing an additional 826 shares in the last quarter. Avalon Trust Co acquired a new stake in Americold Realty Trust during the 1st quarter worth $49,000. Finally, Spire Wealth Management acquired a new position in Americold Realty Trust in the first quarter valued at $52,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on COLD shares. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Evercore ISI decreased their price objective on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Scotiabank decreased their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, September 5th. Royal Bank Of Canada decreased their price objective on shares of Americold Realty Trust from $19.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Thursday, June 12th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $19.08.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $12.39 on Friday. Americold Realty Trust Inc. has a 52-week low of $11.90 and a 52-week high of $27.68. The firm has a fifty day moving average of $14.23 and a 200-day moving average of $16.84. The firm has a market capitalization of $3.53 billion, a P/E ratio of -65.18, a PEG ratio of 3.90 and a beta of 0.81. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. During the same period in the prior year, the firm posted $0.38 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.4%. Americold Realty Trust's payout ratio is currently -484.21%.

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.

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