Aberdeen Group plc Grows Stake in Americold Realty Trust Inc. $COLD

Aberdeen Group plc boosted its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,276 shares of the company’s stock after purchasing an additional 9,913 shares during the quarter. Aberdeen Group plc’s holdings in Americold Realty Trust were worth $1,435,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Xponance Inc. boosted its position in shares of Americold Realty Trust by 4.5% in the 1st quarter. Xponance Inc. now owns 13,561 shares of the company’s stock worth $291,000 after buying an additional 581 shares in the last quarter. Janney Capital Management LLC lifted its stake in shares of Americold Realty Trust by 5.5% during the 1st quarter. Janney Capital Management LLC now owns 11,913 shares of the company’s stock worth $256,000 after purchasing an additional 618 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Americold Realty Trust by 1.9% during the second quarter. Janney Montgomery Scott LLC now owns 33,568 shares of the company’s stock worth $558,000 after purchasing an additional 634 shares during the last quarter. Signaturefd LLC lifted its position in Americold Realty Trust by 16.9% during the first quarter. Signaturefd LLC now owns 4,431 shares of the company’s stock worth $95,000 after buying an additional 640 shares during the period. Finally, GC Wealth Management RIA LLC increased its holdings in shares of Americold Realty Trust by 5.9% during the 2nd quarter. GC Wealth Management RIA LLC now owns 12,095 shares of the company’s stock worth $201,000 after buying an additional 679 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on COLD. Wall Street Zen lowered shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Wells Fargo & Company reduced their price target on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. UBS Group assumed coverage on shares of Americold Realty Trust in a research report on Tuesday. They issued a “neutral” rating and a $14.00 price objective for the company. Finally, KeyCorp reduced their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and a consensus price target of $18.31.

Americold Realty Trust Stock Down 0.1%

Shares of NYSE:COLD opened at $13.66 on Friday. The firm has a market cap of $3.89 billion, a PE ratio of -71.89, a price-to-earnings-growth ratio of 4.36 and a beta of 0.81. The company has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $16.21. 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 Inc. has a 12-month low of $11.90 and a 12-month high of $26.90.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. On average, equities research analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s payout ratio is currently -484.21%.

About Americold Realty Trust

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.