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

A number of other hedge funds also recently bought and sold shares of the company. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust during the 1st quarter valued at about $36,000. Parallel Advisors LLC increased its position in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after purchasing an additional 847 shares during the last quarter. Assetmark Inc. increased its position in shares of Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of Americold Realty Trust during the 1st quarter valued at about $49,000. Finally, Spire Wealth Management purchased a new stake in shares of Americold Realty Trust during the 1st quarter valued at about $52,000. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Up 0.5%

NYSE:COLD traded up $0.08 during trading hours on Friday, hitting $14.86. The company had a trading volume of 1,940,891 shares, compared to its average volume of 3,937,595. The company has a current ratio of 0.12, a quick ratio of 0.13 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $16.38 and a 200 day moving average of $18.75. The company has a market cap of $4.23 billion, a P/E ratio of -78.21, a P/E/G ratio of 4.59 and a beta of 0.81. Americold Realty Trust Inc. has a 1 year low of $14.23 and a 1 year high of $29.79.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating 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 business had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company's quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on COLD shares. BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Thursday, June 12th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Robert W. Baird set a $19.00 target price on Americold Realty Trust and gave the company an "outperform" rating in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price target on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.