33,875 Shares in Americold Realty Trust Inc. $COLD Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has taken a new position in Americold Realty Trust Inc. by purchasing 33,875 shares valued at approximately $727,000 in the first quarter.
• Americold Realty Trust recently reported quarterly earnings of $0.36 per share, exceeding analysts' expectations, but saw a 1.5% decline in revenue compared to the same quarter last year.
• The company has a dividend yield of 6.2%, with a quarterly dividend of $0.23, although it has a significant negative dividend payout ratio of -484.21%.

Fox Run Management L.L.C. acquired a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,875 shares of the company's stock, valued at approximately $727,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Americold Realty Trust by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company's stock valued at $347,167,000 after buying an additional 1,169,063 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after purchasing an additional 3,427,083 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Americold Realty Trust by 1.8% during 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $89,247,000 after purchasing an additional 3,603,716 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Americold Realty Trust by 31.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,629,072 shares of the company's stock valued at $77,662,000 after purchasing an additional 870,973 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Royal Bank Of Canada reduced their price target on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a report on Monday. KeyCorp dropped their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Wells Fargo & Company reduced their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Robert W. Baird dropped their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $21.83.

Americold Realty Trust Stock Performance

Shares of COLD stock traded up $0.4150 during trading hours on Friday, reaching $14.8350. The stock had a trading volume of 1,394,141 shares, compared to its average volume of 2,919,760. The firm has a 50-day simple moving average of $16.13 and a 200-day simple moving average of $18.57. The firm has a market capitalization of $4.22 billion, a PE ratio of -78.28, a price-to-earnings-growth ratio of 4.50 and a beta of 0.81. 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 twelve month low of $14.23 and a twelve month high of $29.79.

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

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.