Boston Partners Has $10.34 Million Position in Americold Realty Trust Inc. $COLD

Key Points

• Boston Partners increased its stake in Americold Realty Trust by 20.8% in Q1, purchasing 82,977 shares and bringing its total holdings to approximately 482,141 shares worth $10.34 million.
• Americold Realty Trust reported Q2 earnings of $0.36 EPS, surpassing the consensus estimate by $0.02, despite a 1.5% decline in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.23 per share, yielding 6.2%, but with a payout ratio of -484.21%, indicating financial challenges.

Boston Partners grew its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 20.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 482,141 shares of the company's stock after buying an additional 82,977 shares during the quarter. Boston Partners owned 0.17% of Americold Realty Trust worth $10,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GKV Capital Management Co. Inc. acquired a new position in Americold Realty Trust during the first quarter worth $36,000. Parallel Advisors LLC boosted its holdings in Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the last quarter. Assetmark Inc. boosted its holdings in Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $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 first quarter worth $49,000. Finally, Spire Wealth Management acquired a new position in Americold Realty Trust during the first quarter worth $52,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Shares of COLD traded down $0.1050 during trading hours on Wednesday, hitting $14.6150. The company had a trading volume of 1,516,079 shares, compared to its average volume of 2,915,172. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -76.97, a PEG ratio of 4.42 and a beta of 0.81. The business has a fifty day moving average of $16.26 and a 200-day moving average of $18.65. 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.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly 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 business had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. Equities analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. KeyCorp reduced their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Scotiabank restated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a report on Thursday, May 15th. Wells Fargo & Company reduced their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Finally, BNP Paribas Exane lowered 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 report on Thursday, June 12th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.67.

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.