Resona Asset Management Co. Ltd. Boosts Stock Position in Americold Realty Trust Inc. (NYSE:COLD)

Resona Asset Management Co. Ltd. increased its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 113,586 shares of the company’s stock after acquiring an additional 9,127 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Americold Realty Trust were worth $2,481,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares during the period. Assetmark Inc. grew its position in Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares during the period. Avalon Trust Co purchased a new position in Americold Realty Trust in the first quarter worth approximately $49,000. Spire Wealth Management purchased a new position in Americold Realty Trust in the first quarter worth approximately $52,000. Finally, Blue Trust Inc. grew its position in Americold Realty Trust by 3,390.0% in the first quarter. Blue Trust Inc. now owns 2,792 shares of the company’s stock worth $60,000 after acquiring an additional 2,712 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 0.5%

Shares of NYSE COLD opened at $14.86 on Friday. The stock has a market cap of $4.23 billion, a P/E ratio of -78.21, a PEG ratio of 4.59 and a beta of 0.81. The company has a current ratio of 0.12, a quick ratio of 0.13 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a 12-month low of $14.23 and a 12-month high of $29.79. The business’s fifty day simple moving average is $16.38 and its 200-day simple moving average is $18.75.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $650.75 million for the quarter, compared to analysts’ expectations of $644.95 million. During the same period last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.2%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -484.21%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on COLD shares. KeyCorp lowered their price objective on Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, July 1st. BNP Paribas Exane cut Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Thursday, June 12th. JPMorgan Chase & Co. cut 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. Barclays decreased their price target on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Finally, Robert W. Baird set a $19.00 price target on Americold Realty Trust and gave the stock an “outperform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.58.

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.