Strs Ohio Purchases Shares of 348,500 Americold Realty Trust Inc. $COLD

Key Points

• Strs Ohio purchased 348,500 shares of Americold Realty Trust for approximately $7.48 million, representing about 0.12% ownership of the company.
• The stock reported $0.36 earnings per share in its latest quarterly results, exceeding estimates, but revenue decreased by 1.5% compared to the previous year.
• The company declared a quarterly dividend of $0.23 per share with a yield of 6.7%, despite a negative payout ratio of -484.21%.

Strs Ohio bought a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 348,500 shares of the company's stock, valued at approximately $7,479,000. Strs Ohio owned about 0.12% of Americold Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Xponance Inc. grew its holdings 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 worth $291,000 after purchasing an additional 581 shares during the last quarter. Janney Capital Management LLC grew its holdings 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 worth $256,000 after purchasing an additional 618 shares during the last quarter. Signaturefd LLC grew its holdings 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 worth $95,000 after purchasing an additional 640 shares during the last quarter. Capital Insight Partners LLC grew its holdings 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 worth $380,000 after purchasing an additional 684 shares during the last quarter. Finally, Assetmark Inc. grew its holdings 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 worth $45,000 after purchasing an additional 826 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $13.80 on Monday. The stock has a market cap of $3.93 billion, a P/E ratio of -72.63, a PEG ratio of 4.32 and a beta of 0.85. The stock has a 50 day simple moving average of $15.28 and a 200 day simple moving average of $17.67. 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 1-year low of $13.10 and a 1-year high of $29.50.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping 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 return on equity of 1.68% and a negative net margin of 2.09%.The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. Research analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current 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 issued 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 6.7%. Americold Realty Trust's payout ratio is -484.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COLD. BNP Paribas Exane cut Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Thursday, June 12th. Scotiabank cut their target price on 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. Truist Financial cut 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. JPMorgan Chase & Co. lowered Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $24.00 to $21.00 in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada dropped their price target on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 18th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of "Hold" and an average target price 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.

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