Park Avenue Securities LLC Acquires New Shares in Americold Realty Trust Inc. $COLD

Park Avenue Securities LLC acquired a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,813 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Americold Realty Trust by 26.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,993 shares of the company’s stock valued at $354,000 after buying an additional 4,406 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in shares of Americold Realty Trust during the second quarter valued at $510,000. Pensionfund DSM Netherlands boosted its position in Americold Realty Trust by 61.1% in the second quarter. Pensionfund DSM Netherlands now owns 58,000 shares of the company’s stock worth $965,000 after purchasing an additional 22,000 shares during the last quarter. Pensionfund Sabic purchased a new position in Americold Realty Trust in the first quarter worth about $412,000. Finally, Voya Investment Management LLC boosted its position in Americold Realty Trust by 2.9% in the first quarter. Voya Investment Management LLC now owns 35,512 shares of the company’s stock worth $762,000 after purchasing an additional 1,001 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Down 2.0%

COLD stock opened at $12.24 on Wednesday. Americold Realty Trust Inc. has a twelve month low of $11.90 and a twelve month high of $28.36. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.49 billion, a P/E ratio of -64.42, a PEG ratio of 3.95 and a beta of 0.85. The business’s 50-day moving average price is $14.41 and its 200-day moving average price is $16.94.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating 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 firm had revenue of $650.75 million for the quarter, compared to analysts’ expectations of $644.95 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. Americold Realty Trust’s payout ratio is currently -484.21%.

Analysts Set New Price Targets

Several brokerages have issued reports on COLD. Robert W. Baird dropped their target price on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Royal Bank Of Canada dropped their target price on Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial dropped their target price on 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. Zacks Research cut Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 target price (down from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Americold Realty Trust has an average rating of “Hold” and a consensus target price of $19.08.

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.