Strs Ohio Acquires 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 stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 348,500 shares of the company's stock, valued at approximately $7,479,000. Strs Ohio owned approximately 0.12% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in COLD. Lazard Asset Management LLC grew its holdings in shares of Americold Realty Trust by 22.3% during the fourth quarter. Lazard Asset Management LLC now owns 23,119 shares of the company's stock valued at $494,000 after buying an additional 4,219 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Americold Realty Trust in the fourth quarter worth approximately $608,000. Nissay Asset Management Corp Japan ADV boosted its holdings in Americold Realty Trust by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 38,703 shares of the company's stock worth $828,000 after purchasing an additional 1,492 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Americold Realty Trust in the fourth quarter worth approximately $497,000. Finally, Squarepoint Ops LLC boosted its holdings in Americold Realty Trust by 21.2% in the fourth quarter. Squarepoint Ops LLC now owns 85,080 shares of the company's stock worth $1,821,000 after purchasing an additional 14,897 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Down 0.9%

Shares of COLD stock traded down $0.12 during trading hours on Friday, reaching $12.87. 8,341,104 shares of the company's stock were exchanged, compared to its average volume of 5,768,302. The stock's 50 day moving average is $14.96 and its 200-day moving average is $17.42. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -67.74, a P/E/G ratio of 4.07 and a beta of 0.84. Americold Realty Trust Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $29.50. 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 (NYSE:COLD - Get Free Report) last posted 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. 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 during the quarter, compared to analysts' expectations of $644.95 million. During the same quarter last year, the company posted $0.38 earnings per share. The business's quarterly revenue was down 1.5% on a year-over-year basis. Analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is -484.21%.

Analyst Ratings Changes

COLD has been the topic of several analyst reports. Wells Fargo & Company dropped their price target 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. Scotiabank lowered their target price 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. KeyCorp reduced their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Evercore ISI reduced their target price on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Finally, Wall Street Zen upgraded shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Americold Realty Trust has a consensus rating of "Hold" and a consensus target price of $20.00.

Americold Realty Trust Company 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.