Entropy Technologies LP Takes Position in Americold Realty Trust Inc. $COLD

Key Points

• Entropy Technologies LP invested approximately $494,000 in Americold Realty Trust by acquiring 23,041 shares during the first quarter.
• Americold Realty Trust's recent quarterly earnings report showed an EPS of $0.36, beating estimates, but the company's revenue still declined by 1.5% year-over-year.
• The company's dividend payout ratio stands at -484.21%, despite an annualized dividend of $0.92 per share, indicating a potential struggle to maintain dividends amidst financial challenges.

Entropy Technologies LP bought a new stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,041 shares of the company's stock, valued at approximately $494,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Americold Realty Trust by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company's stock worth $90,766,000 after buying an additional 73,856 shares in the last quarter. Raymond James Financial Inc. bought a new position in Americold Realty Trust in the 4th quarter worth approximately $980,000. Teacher Retirement System of Texas grew its holdings in Americold Realty Trust by 270.7% in the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company's stock worth $2,239,000 after buying an additional 76,183 shares in the last quarter. Chilton Capital Management LLC grew its holdings in Americold Realty Trust by 12.1% in the 1st quarter. Chilton Capital Management LLC now owns 553,751 shares of the company's stock worth $11,997,000 after buying an additional 59,720 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Americold Realty Trust by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,573,754 shares of the company's stock worth $55,233,000 after buying an additional 51,548 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays decreased 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. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company cut their price objective on 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. Scotiabank reiterated a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Finally, Royal Bank Of Canada set a $19.00 price objective on Americold Realty Trust and gave the company an "outperform" rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Americold Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $22.67.

Americold Realty Trust Stock Performance

Shares of COLD stock traded down $0.24 during trading on Monday, reaching $14.62. The company had a trading volume of 768,505 shares, compared to its average volume of 2,919,003. The firm's 50 day simple moving average is $16.38 and its two-hundred day simple moving average is $18.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. Americold Realty Trust Inc. has a one year low of $14.23 and a one year high of $29.79. The company has a market capitalization of $4.16 billion, a PE ratio of -76.97, a PEG ratio of 4.59 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%. The business had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. During the same period last year, the business earned $0.38 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -484.21%.

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.