Centersquare Investment Management LLC Sells 73,727 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• Centersquare Investment Management LLC has reduced its stake in Americold Realty Trust by selling 73,727 shares, bringing its total ownership to 3,722,935 shares, valued at approximately $79.9 million.
• Several institutional investors have adjusted their positions in Americold Realty Trust, with notable increases from OVERSEA CHINESE BANKING Corp Ltd and IQ EQ FUND MANAGEMENT IRELAND Ltd.
• Americold recently reported a negative earnings result, with a loss of $0.01 per share against analysts' estimates, and a revenue decline of 5.4% compared to the previous year.

Centersquare Investment Management LLC decreased its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,722,935 shares of the company's stock after selling 73,727 shares during the quarter. Centersquare Investment Management LLC owned 1.31% of Americold Realty Trust worth $79,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Assets Investment Management LLC bought a new position in shares of Americold Realty Trust in the first quarter worth about $2,228,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Americold Realty Trust by 21.8% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 135,604 shares of the company's stock worth $2,910,000 after acquiring an additional 24,256 shares during the last quarter. Avalon Trust Co bought a new position in shares of Americold Realty Trust in the first quarter worth about $49,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Americold Realty Trust by 57.6% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 185,307 shares of the company's stock worth $3,977,000 after acquiring an additional 67,734 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Americold Realty Trust in the first quarter valued at approximately $236,000. Institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COLD. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Thursday, June 12th. KeyCorp lowered their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Robert W. Baird lowered their price objective on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.92.

Insider Buying and Selling

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the acquisition, the chief financial officer owned 10,000 shares of the company's stock, valued at approximately $179,100. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were acquired at an average price 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 approximately $1,978,900. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by corporate insiders.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $16.41 on Wednesday. The company has a market capitalization of $4.67 billion, a PE ratio of -38.15, a P/E/G ratio of 2.39 and a beta of 0.81. The company has a 50 day simple moving average of $16.66 and a two-hundred day simple moving average of $19.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. Americold Realty Trust Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $29.87.

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

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's dividend payout ratio is presently -213.95%.

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.

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