Americold Realty Trust Inc. $COLD Stake Reduced by Lincluden Management Ltd.

Key Points

• Lincluden Management Ltd. reduced its stake in Americold Realty Trust Inc. by 44.1%, selling 60,978 shares and bringing its total holdings to 77,246 shares valued at approximately $1.28 million.
• Several analysts have adjusted their ratings on the stock, with JPMorgan Chase & Co. lowering the price target from $17.00 to $15.00 while maintaining an "underweight" rating.
• Americold Realty Trust has announced a quarterly dividend of $0.23 per share, representing a 6.8% annualized yield, despite having a very high negative dividend payout ratio of -484.21%.

Lincluden Management Ltd. reduced its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 44.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,246 shares of the company's stock after selling 60,978 shares during the quarter. Lincluden Management Ltd.'s holdings in Americold Realty Trust were worth $1,285,000 at the end of the most recent quarter.

Other institutional 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 1st quarter worth $494,000. Vision Capital Corp grew its stake in shares of Americold Realty Trust by 3.6% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Americold Realty Trust by 1.8% in 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 in the last quarter. Earnest Partners LLC grew its stake in shares of Americold Realty Trust by 2.8% in 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 in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Americold Realty Trust by 14.8% in 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 in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on COLD. Weiss Ratings reissued a "sell (d+)" rating on shares of Americold Realty Trust in a research note on Wednesday. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Truist Financial decreased their price target on Americold Realty Trust from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada decreased their price target on Americold Realty Trust from $19.00 to $17.00 and set an "outperform" rating for the company in a research note on Tuesday, September 30th. Finally, Wall Street Zen cut Americold Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.67.

Americold Realty Trust Trading Up 0.4%

Shares of Americold Realty Trust stock opened at $13.45 on Friday. 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 firm has a market cap of $3.83 billion, a price-to-earnings ratio of -70.79, a price-to-earnings-growth ratio of 4.29 and a beta of 0.81. The business has a fifty day simple moving average of $13.89 and a 200-day simple moving average of $16.46. Americold Realty Trust Inc. has a fifty-two week low of $11.90 and a fifty-two week high of $27.22.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $650.75 million during 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 company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio is currently -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.

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