Caxton Associates LLP Makes New Investment in Americold Realty Trust Inc. $COLD

Key Points

• Caxton Associates LLP has acquired a new stake in Americold Realty Trust, purchasing 21,544 shares valued at approximately $462,000.
• Institutional investors have significantly increased their positions in Americold, with Massachusetts Financial Services Co. MA raising its stake by 649.2% and Price T Rowe Associates Inc. MD by 1,567.1% in the first quarter.
• Americold Realty Trust announced a quarterly dividend of $0.23 per share, with an upcoming payment date of October 15th, yielding approximately 6.8%.

Caxton Associates LLP purchased a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,544 shares of the company's stock, valued at approximately $462,000.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in 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 purchasing an additional 3,603,716 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $63,541,000 after buying an additional 2,783,264 shares in the last quarter. Nuveen LLC purchased a new position in shares of Americold Realty Trust in the 1st quarter worth approximately $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Americold Realty Trust in the first quarter valued at approximately $33,013,000. Finally, Private Management Group Inc. bought a new position in Americold Realty Trust in the 1st quarter valued at $27,860,000. Institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on COLD. Zacks Research downgraded shares of Americold Realty Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Evercore ISI lowered their price target on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Barclays reduced 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. Scotiabank lowered their target price on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, September 5th. Finally, Wall Street Zen raised 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Americold Realty Trust currently has an average rating of "Hold" and a consensus price target of $20.00.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded up $0.10 on Wednesday, hitting $13.85. 437,006 shares of the company traded hands, compared to its average volume of 3,221,171. Americold Realty Trust Inc. has a 12-month low of $13.10 and a 12-month high of $29.50. The firm's 50-day simple moving average is $15.17 and its 200 day simple moving average is $17.58. The company has a market cap of $3.95 billion, a P/E ratio of -72.92, a P/E/G ratio of 4.28 and a beta of 0.84. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $650.75 million for 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 company's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 6.6%. Americold Realty Trust's 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.