Earnest Partners LLC Invests $38.60 Million in Americold Realty Trust, Inc
June 25, 2023
☀️Trending News
Earnest Partners LLC has recently announced its investment of $38.60 million in Americold Realty Trust ($NYSE:COLD), Inc., as reported by Defense World. Americold Realty Trust, Inc. is a leading owner and operator of temperature-controlled warehouses in the United States. It is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses. Americold provides temperature-controlled warehousing and logistics services to food producers, restaurants, schools, and retail outlets such as grocery stores.
Its services include temperature-controlled storage, order fulfillment, distribution of goods, and third-party logistics services. With this investment, Earnest Partners will be able to benefit from Americold’s strong presence in the market and its continued success.
Stock Price
The stock opened at $30.8 and closed at $31.8, an increase from its prior closing price of $30.9. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for COLD. More…
| Total Revenues | Net Income | Net Margin |
| 2.89k | -4.59 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for COLD. More…
| Operations | Investing | Financing |
| 325.89 | -341.84 | 15.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for COLD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.07k | 4.35k | 13.72 |
Key Ratios Snapshot
Some of the financial key ratios for COLD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 5.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have conducted an in-depth analysis of AMERICOLD REALTY TRUST’s fundamentals and produced the following report. Our Star Chart classified the company as a ‘cow’ – one that has a track record of paying consistent and sustainable dividends. This makes AMERICOLD REALTY TRUST a good investment option for investors who are looking for steady income from their investments. In terms of financial performance, AMERICOLD REALTY TRUST is strong in terms of asset quality and medium in terms of dividend growth, profitability, and debt coverage. Moreover, the company has an intermediate health score of 6/10 when it comes to its cashflows and debt, which indicates that it might be able to pay off its debts and fund future operations. More…
Peers
The company is the largest provider of temperature-controlled warehousing services in the United States with over 1,000 locations across 38 states. Americold’s competitors include Rayonier Inc, Dream Industrial Real Estate Investment Trust, and Morguard North American Residential Real Estate Investment Trust.
– Rayonier Inc ($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
Investment analysis of Americold Realty Trust, Inc., recently revealed that Earnest Partners LLC had a stake worth $38.60 million in the company. The stock price responded positively to the news, indicating that investors were confident in Americold Realty Trust’s potential. The company primarily operates in the real estate industry, creating cold storage facilities for the food industry. Analysts believe their consistent growth and competitive advantages will see Americold Realty Trust gain further value in the future.
The company is well positioned to capitalize on the increasing demand for food storage solutions. Investors should keep an eye on Americold Realty Trust as it looks to expand its business.
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