Fairview Capital Investment Management LLC bought a new position in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) during the 1st quarter, HoldingsChannel reports. The fund bought 22,400 shares of the company's stock, valued at approximately $624,000.
Other hedge funds also recently made changes to their positions in the company. Private Capital Group LLC increased its stake in shares of Americold Realty Trust by 75.3% in the first quarter. Private Capital Group LLC now owns 1,304 shares of the company's stock worth $37,000 after buying an additional 560 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Americold Realty Trust in the fourth quarter worth $71,000. Focused Wealth Management Inc purchased a new position in shares of Americold Realty Trust in the first quarter worth $72,000. Signaturefd LLC increased its stake in shares of Americold Realty Trust by 40.0% in the first quarter. Signaturefd LLC now owns 2,949 shares of the company's stock worth $82,000 after buying an additional 843 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in shares of Americold Realty Trust in the first quarter worth $149,000.
Get
Americold Realty Trust alerts:
Wall Street Analyst Weigh In
Several analysts recently weighed in on COLD shares. Bank of America upgraded shares of Americold Realty Trust from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $28.00 to $30.00 in a report on Thursday, June 2nd. Truist Financial cut their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, May 31st. Barclays cut their price target on shares of Americold Realty Trust from $29.00 to $28.00 and set an "underweight" rating on the stock in a report on Tuesday, August 9th. Evercore ISI lifted their price target on shares of Americold Realty Trust to $33.00 in a report on Monday, August 15th. Finally, TheStreet upgraded shares of Americold Realty Trust from a "d+" rating to a "c" rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $32.67.
Americold Realty Trust Stock Performance
Shares of Americold Realty Trust stock opened at $30.68 on Tuesday. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of -511.33, a PEG ratio of 5.00 and a beta of 0.33. The firm's 50-day moving average is $31.12 and its 200 day moving average is $28.87. Americold Realty Trust, Inc. has a 1 year low of $23.96 and a 1 year high of $35.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.19 and a quick ratio of 0.19.
Americold Realty Trust (NYSE:COLD – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.21). The firm had revenue of $729.76 million during the quarter, compared to the consensus estimate of $715.40 million. Americold Realty Trust had a negative return on equity of 0.41% and a negative net margin of 0.56%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Sell-side analysts anticipate that Americold Realty Trust, Inc. will post 0.94 EPS for the current fiscal year.
Americold Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, September 29th. Americold Realty Trust's payout ratio is -1,466.67%.
About Americold Realty Trust
(Get Rating)
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
See Also
- Get a free copy of the StockNews.com research report on Americold Realty Trust (COLD)
- Do These Dividend Achievers Deserve A Place In Your Portfolio?
- Darden Restaurants Takes the Low Road Against Inflation
- Why These 3 Stocks Are Off to Hot September Starts
- Inflation Doesn't Differentiate, But it's Impact Does
- 3 Downgraded Must-Have Stocks To Put On Your Watchlist
Want to see what other hedge funds are holding COLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Americold Realty Trust, Inc. (NYSE:COLD – Get Rating).
Receive News & Ratings for Americold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
