Vert Asset Management LLC Increases Stake in Americold Realty Trust Inc. $COLD

Vert Asset Management LLC increased its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 1.0% in the second quarter, Holdings Channel.com reports. The firm owned 124,482 shares of the company’s stock after acquiring an additional 1,247 shares during the period. Americold Realty Trust makes up approximately 0.8% of Vert Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Vert Asset Management LLC’s holdings in Americold Realty Trust were worth $2,070,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Entropy Technologies LP purchased a new stake in shares of Americold Realty Trust in the 1st quarter valued at $494,000. Vision Capital Corp boosted its stake in shares of Americold Realty Trust by 3.6% in the 1st quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock valued at $26,553,000 after purchasing an additional 42,600 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Americold Realty Trust by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock valued at $90,766,000 after purchasing an additional 73,856 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Americold Realty Trust by 2.8% in the 1st quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock valued at $55,690,000 after purchasing an additional 71,069 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Americold Realty Trust by 14.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock valued at $59,794,000 after purchasing an additional 358,694 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.6%

Shares of NYSE COLD opened at $12.32 on Thursday. 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 $27.85. The firm has a market capitalization of $3.51 billion, a PE ratio of -64.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. The firm has a fifty day simple moving average of $14.32 and a two-hundred day simple moving average of $16.90.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The business had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.5%. Americold Realty Trust’s dividend payout ratio is -484.21%.

Analyst Ratings Changes

COLD has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Evercore ISI decreased their price objective on shares of Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Wells Fargo & Company decreased their price objective on shares of 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. Truist Financial decreased their price objective on shares of Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Scotiabank decreased their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, September 5th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.08.

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.