American Assets Inc. Purchases New Holdings in Americold Realty Trust Inc. $COLD

American Assets Inc. acquired a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $612,000. Americold Realty Trust makes up 0.2% of American Assets Inc.’s holdings, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in Americold Realty Trust by 49,833.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after purchasing an additional 1,495 shares during the period. Geneos Wealth Management Inc. lifted its position in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares during the period. LRI Investments LLC boosted its stake in shares of Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after purchasing an additional 1,593 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its position in shares of Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after buying an additional 2,500 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Up 1.4%

Americold Realty Trust stock opened at $12.68 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50-day moving average is $12.58 and its 200-day moving average is $13.14. The firm has a market capitalization of $3.61 billion, a PE ratio of -57.64, a P/E/G ratio of 4.49 and a beta of 0.91. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $23.52.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $663.67 million for the quarter, compared to analyst estimates of $659.51 million. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. Americold Realty Trust’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.3%. Americold Realty Trust’s payout ratio is currently -418.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, November 14th. Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Bank of America lowered shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Thursday. Finally, Truist Financial lowered their price objective on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.85.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.