Americold Realty Trust Inc. $COLD Holdings Reduced by Amundi

Key Points

• Amundi reduced its holdings in Americold Realty Trust by 17.2% during the first quarter, now owning approximately 0.06% of the company worth $3.6 million.
• The stock's price-to-earnings ratio stands at -71.52, and the current market capitalization is $3.87 billion.
• Americold Realty Trust announced a quarterly dividend of $0.23 per share, resulting in an annualized yield of 6.8%, despite a negative dividend payout ratio.

Amundi reduced its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,913 shares of the company's stock after selling 36,944 shares during the quarter. Amundi owned about 0.06% of Americold Realty Trust worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. GKV Capital Management Co. Inc. purchased a new position in Americold Realty Trust in the first quarter valued at approximately $36,000. Parallel Advisors LLC raised its stake in shares of 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 acquiring an additional 847 shares during the period. Assetmark Inc. raised its position in Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after purchasing an additional 826 shares during the period. Avalon Trust Co purchased a new position in Americold Realty Trust in the first quarter valued at about $49,000. Finally, Spire Wealth Management purchased a new stake in shares of Americold Realty Trust during the 1st quarter valued at about $52,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COLD. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Thursday, June 12th. Royal Bank Of Canada dropped their target price on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, August 18th. Barclays lowered their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Wells Fargo & Company lowered their price objective on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Finally, Robert W. Baird lowered their price objective on Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.00.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD traded down $0.48 during trading on Wednesday, reaching $13.27. 4,540,457 shares of the company's stock traded hands, compared to its average volume of 5,522,390. The stock has a market capitalization of $3.78 billion, a P/E ratio of -69.84, a price-to-earnings-growth ratio of 4.31 and a beta of 0.84. The company has a 50 day moving average of $15.11 and a 200-day moving average of $17.55. Americold Realty Trust Inc. has a 12 month low of $13.10 and a 12 month high of $29.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company 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 business's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.9%. Americold Realty Trust's dividend 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.