B. Metzler seel. Sohn & Co. AG Decreases Position in Americold Realty Trust Inc. $COLD

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its position in Americold Realty Trust by 60%, now holding 20,000 shares worth approximately $429,000.
• Several institutional investors significantly increased their stakes in Americold, with Massachusetts Financial Services Co. growing its position by 649.2% to over 4 million shares valued at $89.2 million.
• Analysts have lowered price targets for Americold Realty Trust, with KeyCorp reducing their target from $30 to $23, while the stock currently has a consensus rating of Moderate Buy.

B. Metzler seel. Sohn & Co. AG decreased its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 60.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company's stock after selling 30,000 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Americold Realty Trust were worth $429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GKV Capital Management Co. Inc. purchased a new position in shares of Americold Realty Trust during the 1st quarter valued at approximately $36,000. Parallel Advisors LLC lifted its position 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 buying an additional 847 shares in the last quarter. Assetmark Inc. lifted its position 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 buying an additional 826 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Americold Realty Trust during the 1st quarter valued at approximately $49,000. Finally, Spire Wealth Management purchased a new position in shares of Americold Realty Trust during the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

COLD has been the topic of a number of recent analyst reports. Scotiabank reiterated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered 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 report on Monday, June 23rd. BNP Paribas Exane lowered 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. Royal Bank Of Canada decreased their price objective on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, August 18th. Finally, Wells Fargo & Company decreased their price objective on 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. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.45.

Americold Realty Trust Trading Down 1.3%

Shares of NYSE COLD traded down $0.18 during trading on Wednesday, hitting $13.91. 6,507,802 shares of the company were exchanged, compared to its average volume of 4,393,543. Americold Realty Trust Inc. has a 12-month low of $13.82 and a 12-month high of $29.58. 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 fifty day moving average price of $15.73 and a 200-day moving average price of $18.13. The firm has a market capitalization of $3.96 billion, a PE ratio of -73.20, a P/E/G ratio of 4.47 and a beta of 0.84.

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

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.6%. Americold Realty Trust's dividend payout ratio is currently -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.