Woodline Partners LP Has $38.45 Million Stake in Americold Realty Trust Inc. $COLD

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 increased its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 42.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors have also bought and sold shares of COLD. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust in the 1st quarter valued at $36,000. Parallel Advisors LLC lifted its stake 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 purchasing an additional 847 shares during the period. Assetmark Inc. lifted its stake 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 purchasing 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 $49,000. Finally, Spire Wealth Management acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at $52,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded down $0.07 during midday trading on Monday, reaching $13.73. 1,674,932 shares of the company's stock were exchanged, compared to its average volume of 3,206,531. Americold Realty Trust Inc. has a 52 week low of $13.10 and a 52 week high of $29.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -72.13, a P/E/G ratio of 4.32 and a beta of 0.85. The stock's 50-day simple moving average is $15.28 and its 200 day simple moving average is $17.67.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 1.68% and a negative net margin of 2.09%.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 previous year, the company posted $0.38 earnings per share. The business's revenue was down 1.5% on a year-over-year basis. On average, analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed 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. 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 currently -484.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COLD. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Thursday, June 12th. Scotiabank dropped their price objective 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. Barclays dropped their price objective on 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. Truist Financial dropped their price objective 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. Finally, JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.