A. D. Beadell Investment Counsel Inc. Takes Position in Americold Realty Trust Inc. $COLD

A. D. Beadell Investment Counsel Inc. acquired a new stake in Americold Realty Trust Inc. (NYSE:COLD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,600 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COLD. Massachusetts Financial Services Co. MA lifted its stake in shares of Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock valued at $89,247,000 after purchasing an additional 3,603,716 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Americold Realty Trust by 1,567.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock valued at $63,541,000 after purchasing an additional 2,783,264 shares during the period. Nuveen LLC acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at about $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Americold Realty Trust in the 1st quarter valued at about $33,013,000. Finally, Private Management Group Inc. acquired a new position in Americold Realty Trust during the 1st quarter worth approximately $27,860,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COLD has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.00 price target (down from $17.00) on shares of Americold Realty Trust in a research note on Tuesday. Truist Financial dropped their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp dropped their price target on Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 1st. Barclays dropped 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, Evercore ISI dropped their price target on 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. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.25.

Americold Realty Trust Stock Performance

Shares of COLD opened at $12.16 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $17.15. The firm has a market capitalization of $3.46 billion, a P/E ratio of -63.99, a P/E/G ratio of 3.91 and a beta of 0.84. Americold Realty Trust Inc. has a 52 week low of $12.14 and a 52 week high of $29.04.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Equities analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust’s payout ratio is currently -484.21%.

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.