Presima Securities ULC Boosts Stock Position in Americold Realty Trust Inc. $COLD

Key Points

• Presima Securities ULC increased its stake in Americold Realty Trust by 327.1%, acquiring 415,263 shares during the first quarter, making it the 14th largest position in their portfolio.
• Americold Realty Trust reported $650.75 million in revenue for the last quarter, surpassing expectations but showing a 1.5% decline compared to the previous year.
• The company announced a quarterly dividend of $0.23, translating to an annualized yield of 6.6%, despite having a negative dividend payout ratio of -484.21%.

Presima Securities ULC lifted its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 327.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,233 shares of the company's stock after acquiring an additional 415,263 shares during the period. Americold Realty Trust makes up about 2.6% of Presima Securities ULC's holdings, making the stock its 14th largest holding. Presima Securities ULC owned 0.19% of Americold Realty Trust worth $11,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. boosted its stake in Americold Realty Trust by 4.5% in the 1st quarter. Xponance Inc. now owns 13,561 shares of the company's stock worth $291,000 after purchasing an additional 581 shares during the period. Janney Capital Management LLC grew its stake in 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 acquiring an additional 618 shares in the last quarter. Signaturefd LLC increased its holdings in Americold Realty Trust by 16.9% during the 1st quarter. Signaturefd LLC now owns 4,431 shares of the company's stock worth $95,000 after acquiring an additional 640 shares during the period. Capital Insight Partners LLC lifted its stake in Americold Realty Trust by 4.0% in the 1st quarter. Capital Insight Partners LLC now owns 17,706 shares of the company's stock worth $380,000 after purchasing an additional 684 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Down 2.1%

NYSE COLD traded down $0.29 during trading on Wednesday, hitting $13.19. 7,744,080 shares of the company's stock traded hands, compared to its average volume of 4,566,926. The stock has a fifty day moving average of $15.41 and a two-hundred day moving average of $17.86. Americold Realty Trust Inc. has a 12-month low of $13.10 and a 12-month high of $29.50. The firm has a market cap of $3.76 billion, a P/E ratio of 9.49, a PEG ratio of 4.20 and a beta of 0.84. 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 (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company's quarterly revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders of record on Tuesday, September 30th will be given a $0.23 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.0%. Americold Realty Trust's payout ratio is presently -484.21%.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. KeyCorp dropped their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial reduced their target price on Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Barclays lowered their price target on 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, Wells Fargo & Company cut their price objective 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. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.00.

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.