Entropy Technologies LP Makes New $494,000 Investment in Americold Realty Trust Inc. (NYSE: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 acquired a new position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,041 shares of the company's stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Americold Realty Trust by 7.8% in the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company's stock worth $347,167,000 after purchasing an additional 1,169,063 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in Americold Realty Trust by 115.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Americold Realty Trust by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company's stock worth $90,766,000 after purchasing an additional 73,856 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Americold Realty Trust by 649.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock worth $89,247,000 after purchasing an additional 3,603,716 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Americold Realty Trust by 31.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,629,072 shares of the company's stock worth $77,662,000 after purchasing an additional 870,973 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $14.98 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.13 and a current ratio of 0.12. Americold Realty Trust Inc. has a 52-week low of $14.23 and a 52-week high of $29.79. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -78.84, a PEG ratio of 4.55 and a beta of 0.81. The business's fifty day moving average is $16.47 and its 200 day moving average is $18.87.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) 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 company had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same period in the previous year, the company posted $0.38 EPS. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's payout ratio is presently -484.21%.

Analyst Upgrades and Downgrades

COLD has been the topic of several research analyst reports. Scotiabank reissued a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. KeyCorp lowered their target price on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Finally, BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research note on Thursday, June 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.58.

Americold Realty Trust Company 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.

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