American Assets Inc. Makes New Investment in Americold Realty Trust Inc. $COLD

American Assets Inc. purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $612,000. Americold Realty Trust makes up approximately 0.2% of American Assets Inc.’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also added to or reduced their stakes in COLD. Caitong International Asset Management Co. Ltd boosted 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 valued at $25,000 after buying an additional 1,495 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after acquiring an additional 1,026 shares in the last quarter. Geneos Wealth Management Inc. grew 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 worth $27,000 after acquiring an additional 806 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in Americold Realty Trust by 10,869.6% in the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COLD has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, November 14th. Zacks Research raised shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Wells Fargo & Company dropped their price target on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Bank of America cut shares of Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research note on Thursday. Finally, Citigroup decreased their price objective on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.85.

Americold Realty Trust Stock Up 1.4%

Shares of NYSE:COLD opened at $12.68 on Friday. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $23.52. 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 business’s 50-day moving average is $12.58 and its 200-day moving average is $13.14. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -57.64, a P/E/G ratio of 4.49 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Equities research analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.3%. Americold Realty Trust’s dividend payout ratio (DPR) is -418.18%.

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.