Americold Realty Trust Inc. $COLD Holdings Increased by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in Americold Realty Trust by 42.7% during the first quarter, owning 1,791,513 shares worth approximately $38.45 million.
• Americold Realty Trust recently reported earnings of $0.36 EPS, exceeding estimates, with revenue totaling $650.75 million, although it reflects a 1.5% year-over-year decline.
• The company announced a **quarterly dividend** of $0.23, yielding approximately 6.8%, despite having a negative dividend payout ratio of -484.21%.

Woodline Partners LP grew its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 42.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,791,513 shares of the company's stock after acquiring an additional 536,435 shares during the period. Woodline Partners LP owned about 0.63% of Americold Realty Trust worth $38,446,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. acquired a new position in Americold Realty Trust during the 1st quarter worth $36,000. Parallel Advisors LLC boosted its holdings in shares of Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the period. Assetmark Inc. boosted its holdings in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the period. Avalon Trust Co acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at about $49,000. Finally, Spire Wealth Management acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at about $52,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COLD shares. Robert W. Baird decreased their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Scotiabank decreased their price target on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, September 5th. Royal Bank Of Canada decreased their price target on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, August 18th. Finally, Zacks Research lowered shares of Americold Realty Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.00.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded up $0.19 during midday trading on Friday, reaching $13.80. 4,993,959 shares of the stock traded hands, compared to its average volume of 5,099,445. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $17.74. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of -72.63, a PEG ratio of 4.26 and a beta of 0.84. Americold Realty Trust Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $29.50.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results 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. The firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. On average, equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust's payout ratio is -484.21%.

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.