Americold Realty Trust Inc. $COLD Holdings Decreased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC significantly reduced its stake in Americold Realty Trust by 51.8%, now owning 243,980 shares valued at approximately $5.24 million as of the latest SEC filing.
• Several institutional investors, including Xponance Inc. and Janney Capital Management LLC, have increased their holdings in Americold Realty Trust, highlighting a mix of investor sentiment.
• Americold Realty Trust announced a quarterly dividend of $0.23, resulting in an annualized yield of 6.7%, although the company currently operates with a notably high payout ratio.

AQR Capital Management LLC reduced its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 51.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 243,980 shares of the company's stock after selling 262,137 shares during the quarter. AQR Capital Management LLC owned 0.09% of Americold Realty Trust worth $5,236,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of COLD. Massachusetts Financial Services Co. MA raised its holdings in shares of Americold Realty Trust by 649.2% during 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 buying an additional 3,603,716 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Americold Realty Trust by 1,567.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock valued at $63,541,000 after purchasing an additional 2,783,264 shares in the last quarter. Nuveen LLC acquired a new stake in Americold Realty Trust during the 1st quarter valued at approximately $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Americold Realty Trust during the 1st quarter valued at approximately $33,013,000. Finally, Private Management Group Inc. acquired a new stake in Americold Realty Trust during the 1st quarter valued at approximately $27,860,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of recent analyst reports. 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 research note on Wednesday, August 13th. Barclays decreased their target price on 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. KeyCorp decreased their target price on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Truist Financial decreased their target price on Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.00.

Americold Realty Trust Stock Performance

Shares of COLD traded down $0.25 during trading hours on Thursday, reaching $13.00. 6,782,066 shares of the company's stock traded hands, compared to its average volume of 5,602,078. Americold Realty Trust Inc. has a twelve month low of $12.95 and a twelve month high of $29.50. The business's fifty day simple moving average is $15.04 and its two-hundred day simple moving average is $17.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -68.42, a P/E/G ratio of 4.15 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released 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. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $650.75 million for the quarter, compared to analysts' expectations of $644.95 million. During the same quarter last year, the company earned $0.38 EPS. Americold Realty Trust's quarterly revenue was down 1.5% on a year-over-year basis. 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 will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust's payout ratio is -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.