Florida Retirement System Boosts Stake in Americold Realty Trust,
February 10, 2023
Trending News ☀️
The Florida Retirement System, administered by the State Board of Administration, has recently increased its investments in Americold Realty Trust ($NYSE:COLD), Inc. Americold Realty Trust, Inc. (NYSE: COLD) is a leading real estate investment trust (REIT) focused on the ownership, operation, and development of temperature-controlled warehouses. Americold is the largest North American REIT with a portfolio of strategically located properties in major markets around the world. Its portfolio consists of state-of-the-art facilities with advanced temperature-control systems and digital monitoring technology that are designed to meet the needs of its customers. These customers include many of the world’s leading food retailers, wholesalers, distributors, and foodservice companies. The increased investments by the Florida Retirement System are an endorsement of the company’s ability to grow its portfolio by acquiring new properties and expanding existing ones. The company also has a strong balance sheet and is well positioned to take advantage of new investment opportunities that may arise in the future.
The company has a history of generating consistent cash flow from operations, which provides a steady stream of income for investors. Americold is well placed to benefit from the increasing demand for temperature controlled warehouses due to the growth in online grocery and food delivery services. The company’s strong track record makes it an attractive investment for long-term investors seeking steady returns. As such, the recent increase in investments by the Florida Retirement System is a positive sign for the company and its shareholders.
Stock Price
Thursday saw Florida Retirement System boost its stake in Americold Realty Trust, Inc. (AMERICOLD). The news sentiment seems to be mostly positive. On the same day, AMERICOLD stock opened at $31.1 and closed at $30.5, a 1.2% drop from its last closing price of $30.8. The rise in share prices can be attributed to the steady growth of Americold Realty Trust’s business in recent years, with their portfolio of both owned and managed warehouses growing in size and profitability. This has attracted the attention of institutional investors such as Florida Retirement System, who have upped their holdings of AMERICOLD stock.
The trust has also been able to acquire and develop additional warehouses in strategic locations around the United States, further enhancing its value. So far, the news sentiment for Americold Realty Trust, Inc. is mostly positive as the company’s portfolio continues to show signs of growth and stability. While there are always risks associated with any investment, the trust’s steady growth and attractive dividend yield make it an attractive option for investors looking for a reliable source of income. 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 |
| 2.91k | -30.35 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for COLD. More…
| Operations | Investing | Financing |
| 291.62 | -581.72 | 190.69 |
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 |
| 8k | 4.18k | 14.14 |
Key Ratios Snapshot
Some of the financial key ratios for COLD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 3.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale is an online platform that helps investors to analyze AMERICOLD REALTY TRUST’s financials. With its comprehensive and extensive coverage of the company’s financials, GoodWhale can provide investors with a comprehensive assessment of the company’s risk profile. According to GoodWhale’s Risk Rating, AMERICOLD REALTY TRUST has a medium risk level, indicating that it may not be suitable for conservative investors. GoodWhale also identifies 1 risk warning in the company’s balance sheet, which investors should take into account before making any decisions. These warnings may include inadequate liquidity levels, insufficient cash flow, and other financial risks that should be considered before investing. As such, investors can utilize GoodWhale to ensure that they are making informed decisions when investing in AMERICOLD REALTY TRUST. GoodWhale provides investors with an easy way to review the company’s financials and evaluate the potential risks associated with investing in AMERICOLD REALTY TRUST. With its comprehensive coverage and ratings, GoodWhale enables investors to make informed decisions and minimize the potential risks associated with their investments. 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
Investing in Americold Realty Trust is looking like a wise move. The Florida Retirement System recently boosted its stake in the company, indicating that even institutional investors are finding good value in its stock. Many analysts are optimistic that Americold Realty Trust is a good investment option due to its strong performance, solid fundamentals, and attractive dividend yield.
With its growing portfolio of properties and vast network of relationships, Americold Realty Trust offers investors a sound opportunity for growth and income. Investors should do their own research and analysis before making any investing decisions.
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