LDR Capital Management LLC Invests $1.11 Million in Americold Realty Trust Inc. $COLD

Key Points

• LDR Capital Management LLC invested $1.11 million in Americold Realty Trust, acquiring 66,491 shares, which constitute about 1.4% of its holdings.
• Americold Realty Trust reported a quarterly earnings per share (EPS) of $0.36, exceeding analysts' expectations, but showed a revenue decline of 1.5% year-over-year.
• The company offers a quarterly dividend of $0.23 per share, representing an annualized yield of 7.1% despite a significant negative payout ratio of -484.21%.

LDR Capital Management LLC acquired a new stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 66,491 shares of the company's stock, valued at approximately $1,106,000. Americold Realty Trust comprises about 1.4% of LDR Capital Management LLC's holdings, making the stock its 24th largest position.

Several other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings 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 acquiring an additional 3,603,716 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Americold Realty Trust by 1,567.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock valued at $63,541,000 after purchasing an additional 2,783,264 shares during the period. Nuveen LLC purchased a new stake in Americold Realty Trust in the 1st quarter valued at approximately $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Americold Realty Trust during the 1st quarter worth approximately $33,013,000. Finally, Private Management Group Inc. purchased a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $27,860,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $12.98 on Monday. Americold Realty Trust Inc. has a 12-month low of $11.90 and a 12-month high of $27.68. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.70 billion, a PE ratio of -68.32, a P/E/G ratio of 4.14 and a beta of 0.81. The stock has a 50 day simple moving average of $14.16 and a 200-day simple moving average of $16.70.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 1.68% and a negative net margin of 2.09%.The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is currently -484.21%.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price objective on Americold Realty Trust from $19.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. KeyCorp cut their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday. BNP Paribas Exane cut shares of 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $15.00 target price (down from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of "Hold" and an average price target of $18.67.

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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