Vision Capital Corp Has $26.55 Million Stake in Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• Vision Capital Corp increased its stake in Americold Realty Trust by 3.6%, now holding 1,237,320 shares valued at approximately $26.55 million.
• Multiple institutional investors have recently established or increased their positions in Americold Realty Trust, indicating a strong interest in the stock, with 98.14% currently owned by institutional investors.
• Wall Street analysts have mixed views on Americold Realty Trust, with a consensus rating of "Moderate Buy" and a target price of $23.92, despite recent downgrades from some analysts.

Vision Capital Corp increased its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,237,320 shares of the company's stock after purchasing an additional 42,600 shares during the quarter. Americold Realty Trust makes up about 6.1% of Vision Capital Corp's holdings, making the stock its 3rd biggest position. Vision Capital Corp owned approximately 0.43% of Americold Realty Trust worth $26,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COLD. LPL Financial LLC boosted its holdings in Americold Realty Trust by 36.6% during the fourth quarter. LPL Financial LLC now owns 57,300 shares of the company's stock worth $1,226,000 after purchasing an additional 15,339 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Americold Realty Trust by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after purchasing an additional 57,248 shares during the last quarter. Invesco Ltd. boosted its stake in Americold Realty Trust by 253.8% in the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock valued at $68,761,000 after acquiring an additional 2,304,867 shares during the last quarter. Bank of Nova Scotia purchased a new position in Americold Realty Trust in the fourth quarter valued at about $328,000. Finally, Raymond James Financial Inc. purchased a new position in Americold Realty Trust in the fourth quarter valued at about $980,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Americold Realty Trust stock traded down $0.21 during midday trading on Thursday, reaching $14.77. 2,649,644 shares of the stock were exchanged, compared to its average volume of 3,975,105. The company's fifty day moving average is $16.43 and its 200-day moving average is $18.82. The firm has a market cap of $4.21 billion, a PE ratio of -77.75, a PEG ratio of 4.63 and a beta of 0.81. Americold Realty Trust Inc. has a 52 week low of $14.23 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.13 and a current ratio of 0.12.

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 (EPS) for the quarter, beating 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 company had revenue of $650.75 million during the quarter, compared to analysts' expectations of $644.95 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm's revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is currently -484.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank reiterated a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday, May 15th. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. BNP Paribas Exane cut shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Thursday, June 12th. Finally, Barclays dropped their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.58.

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.