Pensionfund DSM Netherlands Buys 22,000 Shares of Americold Realty Trust Inc. $COLD

Key Points

• Pensionfund DSM Netherlands increased its holdings in Americold Realty Trust by 61.1%, acquiring an additional 22,000 shares during the 2nd quarter, bringing its total to 58,000 shares valued at $965,000.
• Several institutional investors have also increased their stakes in Americold, with the stock now being largely owned by hedge funds and other entities, accounting for 98.14% of ownership.
• Americold Realty Trust announced a quarterly dividend of $0.23 per share, equating to an annualized yield of 6.7%, despite a reported negative margin and a drop in quarterly revenue.

Pensionfund DSM Netherlands grew its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 61.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,000 shares of the company's stock after acquiring an additional 22,000 shares during the quarter. Pensionfund DSM Netherlands' holdings in Americold Realty Trust were worth $965,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Pensionfund Sabic bought a new position in shares of Americold Realty Trust during the 1st quarter worth $412,000. Voya Investment Management LLC raised its position in Americold Realty Trust by 2.9% during the first quarter. Voya Investment Management LLC now owns 35,512 shares of the company's stock valued at $762,000 after acquiring an additional 1,001 shares in the last quarter. Anson Funds Management LP boosted its stake in shares of Americold Realty Trust by 48.8% in the first quarter. Anson Funds Management LP now owns 202,906 shares of the company's stock worth $4,354,000 after acquiring an additional 66,576 shares during the last quarter. Strs Ohio acquired a new stake in shares of Americold Realty Trust in the first quarter worth approximately $7,479,000. Finally, Jane Street Group LLC boosted its stake in shares of Americold Realty Trust by 8.7% in the first quarter. Jane Street Group LLC now owns 71,335 shares of the company's stock worth $1,531,000 after acquiring an additional 5,693 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

COLD stock traded down $0.11 during mid-day trading on Thursday, reaching $13.14. 3,397,775 shares of the stock traded hands, compared to its average volume of 3,245,511. 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 52 week low of $13.02 and a 52 week high of $29.50. The business has a 50-day moving average of $15.11 and a two-hundred day moving average of $17.55. The firm has a market capitalization of $3.74 billion, a PE ratio of -69.29, a P/E/G ratio of 4.31 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its 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 business had revenue of $650.75 million during the quarter, compared to analysts' expectations 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 was down 1.5% on a year-over-year basis. During the same quarter last year, the company 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.

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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio is currently -484.21%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research cut Americold Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 9th. JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Royal Bank Of Canada dropped their price objective on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, August 18th. Barclays dropped their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, Robert W. Baird dropped their price objective on 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 research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.00.

Americold Realty Trust 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.