Wealth Enhancement Advisory Services LLC Raises Stock Position in Americold Realty Trust Inc. $COLD

Wealth Enhancement Advisory Services LLC raised its stake in Americold Realty Trust Inc. (NYSE:COLD) by 26.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,993 shares of the company’s stock after buying an additional 4,406 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Americold Realty Trust were worth $354,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Gallacher Capital Management LLC acquired a new position in Americold Realty Trust in the second quarter valued at about $510,000. Pensionfund DSM Netherlands lifted 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 valued at $965,000 after buying an additional 22,000 shares during the last quarter. Pensionfund Sabic acquired a new position in Americold Realty Trust in the first quarter valued at about $412,000. Voya Investment Management LLC lifted 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 valued at $762,000 after buying an additional 1,001 shares during the last quarter. Finally, Anson Funds Management LP lifted its position in Americold Realty Trust by 48.8% in the first quarter. Anson Funds Management LP now owns 202,906 shares of the company’s stock valued at $4,354,000 after buying an additional 66,576 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on COLD. BNP Paribas Exane cut shares of Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Thursday, June 12th. Evercore ISI cut their price target on shares of Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Wall Street Zen lowered shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Saturday, September 27th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Hold” and an average target price of $18.67.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $13.34 on Wednesday. The firm has a market capitalization of $3.80 billion, a P/E ratio of -70.22, a P/E/G ratio of 4.29 and a beta of 0.81. Americold Realty Trust Inc. has a 52 week low of $11.90 and a 52 week high of $27.24. 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 firm’s 50 day moving average is $14.04 and its two-hundred day moving average is $16.63.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company 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 firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Research analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -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.