Invesco Ltd. Lowers Stock Holdings in Americold Realty Trust Inc. $COLD

Key Points

• Invesco Ltd. has reduced its stake in Americold Realty Trust Inc. by 22.7%, selling 729,531 shares and leaving it with approximately 0.87% ownership valued at $53.3 million.
• Americold Realty Trust reported a quarterly earnings of $0.36 per share, exceeding estimates, but experienced a 1.5% decline in revenue compared to the same quarter last year.
• The company declared a dividend of $0.23 per share, resulting in an annualized yield of 6.2%, despite a drastic dividend payout ratio of -484.21%.

Invesco Ltd. lowered its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 22.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,483,608 shares of the company's stock after selling 729,531 shares during the period. Invesco Ltd. owned 0.87% of Americold Realty Trust worth $53,298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. lifted its position in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares during the period. Avalon Trust Co acquired a new position in shares of Americold Realty Trust in the 1st quarter worth approximately $49,000. Spire Wealth Management acquired a new position in shares of Americold Realty Trust in the 1st quarter worth approximately $52,000. Finally, Blue Trust Inc. lifted its position in shares of Americold Realty Trust by 3,390.0% in the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock worth $60,000 after purchasing an additional 2,712 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

COLD traded up $0.5130 during trading on Friday, hitting $14.9330. 1,200,408 shares of the company traded hands, compared to its average volume of 2,917,637. The firm has a market cap of $4.25 billion, a P/E ratio of -78.56, a price-to-earnings-growth ratio of 4.50 and a beta of 0.81. The stock's fifty day moving average is $16.13 and its 200 day moving average is $18.57. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a one year low of $14.23 and a one year high of $29.79.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on COLD shares. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Thursday, June 12th. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Royal Bank Of Canada dropped their target price on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday. Barclays dropped their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Finally, KeyCorp dropped their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.83.

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.