Versor Investments LP Buys 74,600 Shares of Americold Realty Trust Inc. $COLD

Key Points

• Versor Investments LP increased its stake in Americold Realty Trust by 529.1%, owning 88,700 shares after purchasing an additional 74,600 shares, bringing their total holdings to approximately $1.9 million.
• In the latest earnings report, Americold Realty Trust posted an EPS of $0.36, surpassing analysts' estimates, but experienced a 1.5% decline in revenue year-over-year.
• A recent dividend of $0.23 was paid to stockholders, representing a 6.2% yield, although the company is currently reporting a negative dividend payout ratio.

Versor Investments LP grew its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 529.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 88,700 shares of the company's stock after purchasing an additional 74,600 shares during the period. Versor Investments LP's holdings in Americold Realty Trust were worth $1,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust in the first quarter valued at about $36,000. Parallel Advisors LLC grew 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 purchasing an additional 847 shares during the last quarter. Assetmark Inc. grew 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 purchasing an additional 826 shares during the last quarter. Avalon Trust Co acquired a new position in Americold Realty Trust during the 1st quarter worth approximately $49,000. Finally, Spire Wealth Management bought a new position in Americold Realty Trust in the 1st quarter valued at approximately $52,000. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. 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 research report on Thursday, June 12th. JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Scotiabank reissued a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. Finally, Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Americold Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $22.67.

Americold Realty Trust Trading Down 1.1%

Americold Realty Trust stock traded down $0.1660 during mid-day trading on Wednesday, hitting $14.5540. 2,949,146 shares of the stock were exchanged, compared to its average volume of 2,926,455. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -76.60, a PEG ratio of 4.42 and a beta of 0.81. Americold Realty Trust Inc. has a 12 month low of $14.23 and a 12 month high of $29.79. 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's fifty day simple moving average is $16.26 and its two-hundred day simple moving average is $18.65.

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 for the quarter, topping the consensus estimate 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 company had revenue of $650.75 million during the quarter, compared to analysts' expectations of $644.95 million. During the same period in the prior year, the company posted $0.38 earnings per share. Americold Realty Trust's revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

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.