Chilton Capital Management LLC Lowers Stock Position in Americold Realty Trust Inc. $COLD

Chilton Capital Management LLC lessened its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 98.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,317 shares of the company’s stock after selling 542,434 shares during the period. Chilton Capital Management LLC’s holdings in Americold Realty Trust were worth $191,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd raised its stake in shares of Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after acquiring an additional 1,495 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $36,000. Assetmark Inc. raised its stake 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 worth $45,000 after acquiring an additional 826 shares in the last quarter. Avalon Trust Co bought a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $49,000. Finally, Spire Wealth Management bought a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on COLD shares. Zacks Research lowered shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Wall Street Zen lowered shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Wells Fargo & Company reduced their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Truist Financial cut their price target on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, 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. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.08.

Americold Realty Trust Trading Up 0.7%

NYSE COLD opened at $13.74 on Monday. The company has a fifty day simple moving average of $13.58 and a two-hundred day simple moving average of $15.98. The stock has a market cap of $3.91 billion, a P/E ratio of -72.32, a P/E/G ratio of 4.37 and a beta of 0.81. Americold Realty Trust Inc. has a 12-month low of $11.90 and a 12-month high of $26.42. 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 (NYSE:COLD) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million for 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%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

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