Nisa Investment Advisors LLC Decreases Holdings in Americold Realty Trust Inc. $COLD

Nisa Investment Advisors LLC trimmed its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 26.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,100 shares of the company’s stock after selling 16,200 shares during the period. Nisa Investment Advisors LLC’s holdings in Americold Realty Trust were worth $763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 buying an additional 1,495 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Americold Realty Trust in the first quarter worth about $36,000. Whipplewood Advisors LLC lifted its stake in shares of Americold Realty Trust by 10,869.6% in the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after buying an additional 2,500 shares in the last quarter. Assetmark Inc. lifted its stake in shares of 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 buying an additional 826 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in shares of Americold Realty Trust in the first quarter worth about $49,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $12.91 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s 50-day moving average is $13.44 and its two-hundred day moving average is $15.77. Americold Realty Trust Inc. has a 12 month low of $11.90 and a 12 month high of $26.42. The company has a market capitalization of $3.68 billion, a PE ratio of -67.92, a price-to-earnings-growth ratio of 4.00 and a beta of 0.81.

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

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 7.1%. Americold Realty Trust’s payout ratio is -484.21%.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 price target (down from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Wall Street Zen downgraded shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Robert W. Baird decreased their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. KeyCorp decreased their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.08.

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.