Syntax Research Inc. Has $2.60 Million Stock Holdings in Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• Syntax Research Inc. has reduced its stake in Americold Realty Trust by 13.1%, now holding 121,001 shares valued at approximately $2.6 million.
• Americold Realty Trust's quarterly earnings report revealed earnings per share of $0.34, which was below the consensus estimate of $0.35, alongside a 5.4% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.23 per share, resulting in an annual yield of 5.56%, despite a negative dividend payout ratio of -213.95%.

Syntax Research Inc. decreased its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,001 shares of the company's stock after selling 18,181 shares during the quarter. Americold Realty Trust makes up about 1.8% of Syntax Research Inc.'s investment portfolio, making the stock its 23rd biggest holding. Syntax Research Inc.'s holdings in Americold Realty Trust were worth $2,597,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COLD. Norges Bank acquired a new position in Americold Realty Trust during the fourth quarter worth $478,674,000. Cohen & Steers Inc. grew its position in shares of Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after acquiring an additional 4,049,374 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock valued at $89,247,000 after acquiring an additional 3,603,716 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after acquiring an additional 3,427,083 shares during the period. Finally, Invesco Ltd. grew its position in shares of Americold Realty Trust by 253.8% in the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock valued at $68,761,000 after acquiring an additional 2,304,867 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded up $0.25 during midday trading on Tuesday, hitting $16.48. The company's stock had a trading volume of 773,818 shares, compared to its average volume of 2,762,770. Americold Realty Trust Inc. has a 1-year low of $16.06 and a 1-year high of $30.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13. The company has a 50-day moving average price of $16.77 and a two-hundred day moving average price of $19.34. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -38.29, a PEG ratio of 2.52 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same quarter last year, the firm earned $0.37 EPS. Americold Realty Trust's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Insider Activity at Americold Realty Trust

In related news, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer owned 10,000 shares of the company's stock, valued at $179,100. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the acquisition, the chief executive officer directly owned 110,000 shares in the company, valued at $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COLD shares. Scotiabank reissued a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Barclays decreased their price objective on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. 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 for the company. in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $23.92.

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.