Steph & Co. lifted its position in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 21.7% during the second quarter, Holdings Channel reports. The institutional investor owned 5,266 shares of the company's stock after buying an additional 939 shares during the quarter. Steph & Co.'s holdings in Americold Realty Trust were worth $158,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Capital Group LLC grew its position in shares of Americold Realty Trust by 75.3% in the 1st 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 last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Americold Realty Trust in the 4th quarter worth approximately $71,000. Focused Wealth Management Inc acquired a new stake in Americold Realty Trust in the 1st quarter worth approximately $72,000. Signaturefd LLC boosted its stake in Americold Realty Trust by 40.0% in the 1st quarter. Signaturefd LLC now owns 2,949 shares of the company's stock worth $82,000 after purchasing an additional 843 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in Americold Realty Trust in the 1st quarter worth approximately $149,000.
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Americold Realty Trust Stock Performance
Americold Realty Trust stock opened at $27.05 on Thursday. Americold Realty Trust, Inc. has a 52-week low of $23.96 and a 52-week high of $33.51. The company has a fifty day simple moving average of $30.68 and a 200-day simple moving average of $28.88. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.17.
Americold Realty Trust (NYSE:COLD – Get Rating) last released its 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). Americold Realty Trust had a negative return on equity of 0.41% and a negative net
margin of 0.56%. The business had revenue of $729.76 million for the quarter, compared to analysts' expectations of $715.40 million. During the same period in the previous year, the company earned $0.28 EPS. Americold Realty Trust's quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Americold Realty Trust, Inc. will post 0.96 EPS for the current year.
Americold Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 3.25%. Americold Realty Trust's payout ratio is -1,466.67%.
Analyst Ratings Changes
Several analysts have commented on COLD shares. Barclays decreased their price objective on shares of Americold Realty Trust from $29.00 to $28.00 and set an "underweight" rating for the company in a research note on Tuesday, August 9th. TheStreet upgraded shares of Americold Realty Trust from a "d+" rating to a "c" rating in a research note on Friday, August 5th. Evercore ISI boosted their price target on shares of Americold Realty Trust to $33.00 in a report on Monday, August 15th. Robert W. Baird boosted their price target on shares of Americold Realty Trust from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, July 7th. Finally, Royal Bank of Canada lowered shares of Americold Realty Trust from an "outperform" rating to a "sector perform" rating and set a $34.00 price target for the company. in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.67.
Americold Realty Trust Profile
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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.
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