Reinhart Partners LLC. Has $6.82 Million Stock Holdings in Americold Realty Trust Inc. $COLD

Key Points

• Reinhart Partners LLC reduced its stake in Americold Realty Trust by 7.5%, now holding $6.82 million worth of shares, representing 0.14% of the company's stock.
• Recent analyst reports have downgraded Americold's price targets, with Scotiabank lowering their target from $20.00 to $16.00 and JPMorgan reducing theirs from $24.00 to $21.00.
• Americold Realty Trust declared a quarterly dividend of $0.23 per share, resulting in an annual yield of 6.7%, with a payout ratio currently at -484.21%.

Reinhart Partners LLC. lowered its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409,774 shares of the company's stock after selling 33,311 shares during the quarter. Reinhart Partners LLC. owned 0.14% of Americold Realty Trust worth $6,815,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. bought a new stake in Americold Realty Trust during the first quarter worth about $36,000. Parallel Advisors LLC grew its stake in Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after buying an additional 847 shares during the last quarter. Assetmark Inc. grew its stake in Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after buying an additional 826 shares during the last quarter. Avalon Trust Co bought a new stake in Americold Realty Trust during the first quarter worth about $49,000. Finally, Spire Wealth Management bought a new stake in Americold Realty Trust during the first quarter worth about $52,000. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. KeyCorp decreased their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Scotiabank decreased their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, September 5th. Finally, Barclays reduced 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. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.00.

Americold Realty Trust Trading Down 1.9%

NYSE COLD traded down $0.25 during trading hours on Thursday, hitting $13.00. The company's stock had a trading volume of 6,782,066 shares, compared to its average volume of 5,602,078. The stock has a fifty day moving average of $15.04 and a 200 day moving average of $17.49. Americold Realty Trust Inc. has a twelve month low of $12.95 and a twelve month high of $29.50. The firm has a market capitalization of $3.70 billion, a P/E ratio of -68.42, a PEG ratio of 4.15 and a beta of 0.84. 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 (NYSE:COLD - Get Free Report) last announced its quarterly earnings data 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. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same period in the prior year, the business posted $0.38 earnings per share. Americold Realty Trust's revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

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

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.