Boston Trust Walden Corp Reduces Stake in Americold Realty Trust
July 5, 2023
☀️Trending News
Boston Trust Walden Corp has recently made a captivating decision in the realm of financial markets, by decreasing its involvement in Americold Realty Trust ($NYSE:COLD), Inc. AmeriCold Realty Trust, Inc. is an international real estate investment trust that focuses on providing temperature-controlled warehouses for use by the food industry. This makes it the largest owner and operator of temperature-controlled warehouses in the world. This is likely due to a desire to diversify its investments or to raise money for other purposes. The company’s success could be attributed to a number of factors, such as its strong customer base, innovative technology, and a robust management team.
In addition, Americold Realty Trust is well-positioned to capitalize on the increasing demand for cold storage services in a rapidly changing food industry.
Price History
On Monday, Boston Trust Walden Corp announced that it had reduced its stake in Americold Realty Trust. Following the news, AMERICOLD REALTY TRUST stock opened at $32.1 and closed slightly higher at $32.3, up by 0.1% from last closing price of 32.3. It was the second-largest gainer among all stocks listed on the New York Stock Exchange. The announcement from Boston Trust Walden Corp is the latest development in a series of strategic moves by the company to align its portfolio with its long-term investment goals. It is unclear if the reduced stake in AMERICOLD REALTY TRUST will have any effect on the stock price or whether other investors will follow suit.
However, investors who may be considering buying or selling AMERICOLD REALTY TRUST shares should do their due diligence and consult with their financial advisors to better understand the risks and rewards of investing in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for COLD. More…
| Total Revenues | Net Income | Net Margin |
| 2.89k | -4.59 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for COLD. More…
| Operations | Investing | Financing |
| 325.89 | -341.84 | 15.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for COLD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.07k | 4.35k | 13.72 |
Key Ratios Snapshot
Some of the financial key ratios for COLD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 5.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale conducted a detailed analysis of AMERICOLD REALTY TRUST’s wellbeing. After evaluating the company on our Star Chart, we determined that AMERICOLD REALTY TRUST has an intermediate health score of 6/10 with regard to its cashflows and debt – indicating that it is likely to sustain future operations in times of crisis. Given AMERICOLD REALTY TRUST’s strong asset management and moderate performance in the areas of dividend, growth, and profitability, GoodWhale classified the company as a ‘cow’. We believe that companies of this type have a track record of paying out consistent and sustainable dividends. This makes AMERICOLD REALTY TRUST an attractive prospect for investors who value stability and reliable income streams. Therefore, we believe that those looking for a steady, low-risk investment could benefit from investing in AMERICOLD REALTY TRUST. More…
Peers
The company is the largest provider of temperature-controlled warehousing services in the United States with over 1,000 locations across 38 states. Americold’s competitors include Rayonier Inc, Dream Industrial Real Estate Investment Trust, and Morguard North American Residential Real Estate Investment Trust.
– Rayonier Inc ($NYSE:RYN)
Rayonier Inc. is a forest products company, which engages in the manufacture and sale of wood products. It operates through the following segments: Timberland, Rayonier Advanced Materials, and Forest Resources. The Timberland segment manages, leases, and sells timberlands located in the United States and New Zealand. The Rayonier Advanced Materials segment produces and sells high-purity cellulose, specialty fibers, and fluff pulp. The Forest Resources segment provides stumpage, land, and log brokerage services to third-party customers. The company was founded in 1926 and is headquartered in Jacksonville, FL.
– Dream Industrial Real Estate Investment Trust ($TSX:DIR.UN)
As of 2022, Dream Industrial Real Estate Investment Trust has a market cap of 2.71B. The company is a Canadian real estate investment trust that owns and operates a portfolio of light industrial properties across Canada. The company’s properties are primarily located in major urban centres, such as Toronto, Vancouver, and Montreal.
– Morguard North American Residential Real Estate Investment Trust ($TSX:MRG.UN)
Morguard North American Residential Real Estate Investment Trust is a real estate investment trust that owns and operates rental properties in the United States and Canada. As of December 31, 2020, the company owned and operated 1,798 rental properties with an aggregate of approximately 205,000 units.
Summary
Americold Realty Trust, Inc. is a leading real estate investment trust (REIT) specializing in the ownership, operation, acquisition, and development of temperature-controlled warehouses. Recently, Boston Trust Walden Corp, a large investor in Americold, has reduced its stake in the company. This move has caused some investors to question the future potential of Americold, given the potential long-term implications of reduced ownership.
Despite this, analysts remain confident in the company’s ability to generate considerable returns from its temperature-controlled warehouses, particularly due to its globally diversified customer base, presence in major cities across the U.S., and strong management team. As such, many analysts believe that Americold Realty Trust still maintains potential for delivering attractive returns for its investors.
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