AQR Capital Management LLC Reduces Holdings in Americold Realty Trust Inc. $COLD

AQR Capital Management LLC trimmed its stake in Americold Realty Trust Inc. (NYSE:COLD) by 51.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,980 shares of the company’s stock after selling 262,137 shares during the period. AQR Capital Management LLC owned 0.09% of Americold Realty Trust worth $5,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Xponance Inc. lifted 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 purchasing an additional 581 shares during the period. Janney Capital Management LLC increased its stake in shares of Americold Realty Trust by 5.5% in the 1st quarter. Janney Capital Management LLC now owns 11,913 shares of the company’s stock worth $256,000 after acquiring an additional 618 shares in the last quarter. Signaturefd LLC increased its stake in shares of Americold Realty Trust by 16.9% in the 1st quarter. Signaturefd LLC now owns 4,431 shares of the company’s stock worth $95,000 after acquiring an additional 640 shares in the last quarter. Capital Insight Partners LLC increased its stake in shares of Americold Realty Trust by 4.0% in the 1st quarter. Capital Insight Partners LLC now owns 17,706 shares of the company’s stock worth $380,000 after acquiring an additional 684 shares in the last quarter. Finally, Assetmark Inc. increased 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 worth $45,000 after acquiring an additional 826 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COLD. Evercore ISI decreased their price target on shares of Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Barclays decreased their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. 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 research note on Monday, August 18th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Finally, 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 research note on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and a consensus target price of $20.00.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $13.80 on Friday. The company has a 50 day moving average price of $15.28 and a 200-day moving average price of $17.74. Americold Realty Trust Inc. has a 52 week low of $13.10 and a 52 week high of $29.50. The firm has a market capitalization of $3.93 billion, a PE ratio of -72.63, a P/E/G ratio of 4.26 and a beta of 0.84. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. Americold Realty Trust’s payout ratio is currently -484.21%.

Americold Realty Trust 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.