Pensionfund Sabic Buys New Shares in Americold Realty Trust Inc. $COLD

Key Points

• Pensionfund Sabic has acquired 19,200 shares of Americold Realty Trust Inc. (NYSE:COLD) during the first quarter, valued at approximately $412,000.
• Analysts have recently downgraded the target price for Americold Realty Trust shares, with Royal Bank of Canada reducing it from $25.00 to $19.00 and KeyCorp from $30.00 to $23.00.
• The company has announced a quarterly dividend of $0.23, resulting in an annualized yield of 6.7%, despite a negative dividend payout ratio of -484.21%.

Pensionfund Sabic acquired a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,200 shares of the company's stock, valued at approximately $412,000.

A number of other hedge funds have also recently modified their holdings of the business. Xponance Inc. grew its stake in shares of Americold Realty Trust by 4.5% during the first quarter. Xponance Inc. now owns 13,561 shares of the company's stock valued at $291,000 after buying an additional 581 shares during the last quarter. Janney Capital Management LLC grew its stake in shares of Americold Realty Trust by 5.5% during the first quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock valued at $256,000 after buying an additional 618 shares during the last quarter. Signaturefd LLC grew its stake in shares of Americold Realty Trust by 16.9% during the first quarter. Signaturefd LLC now owns 4,431 shares of the company's stock valued at $95,000 after buying an additional 640 shares during the last quarter. Capital Insight Partners LLC grew its stake in shares of Americold Realty Trust by 4.0% during the first quarter. Capital Insight Partners LLC now owns 17,706 shares of the company's stock valued at $380,000 after buying an additional 684 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of research reports. KeyCorp lowered their price target on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Wells Fargo & Company lowered their price target on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Scotiabank lowered their price target on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, September 5th. Finally, Zacks Research lowered Americold Realty Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.00.

Americold Realty Trust Stock Down 0.0%

Shares of COLD stock traded down $0.01 during trading hours on Friday, reaching $12.98. 1,288,634 shares of the company's stock were exchanged, compared to its average volume of 3,253,414. The stock's 50 day moving average is $15.04 and its 200-day moving average is $17.49. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -68.29, a P/E/G ratio of 4.15 and a beta of 0.84. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a fifty-two week low of $12.85 and a fifty-two week high of $29.50.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued 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 business had revenue of $650.75 million for the quarter, compared to the consensus estimate 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 business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.1%. Americold Realty Trust's dividend payout ratio is presently -484.21%.

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.