Natixis Advisors L.P. grew its position in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 73.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,288 shares of the company's stock after acquiring an additional 86,674 shares during the quarter. Natixis Advisors L.P.'s holdings in Americold Realty Trust were worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. purchased a new position in Americold Realty Trust during the 4th quarter valued at $27,000. Private Capital Group LLC raised its position in Americold Realty Trust by 75.3% during the 1st quarter. Private Capital Group LLC now owns 1,304 shares of the company's stock valued at $37,000 after purchasing an additional 560 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Americold Realty Trust during the 4th quarter valued at $71,000. Focused Wealth Management Inc bought a new stake in Americold Realty Trust during the 1st quarter valued at $72,000. Finally, Signaturefd LLC raised its position in Americold Realty Trust by 40.0% during the 1st quarter. Signaturefd LLC now owns 2,949 shares of the company's stock valued at $82,000 after purchasing an additional 843 shares in the last quarter.
Get Americold Realty Trust alerts:Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their target price on Americold Realty Trust from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, July 7th. TheStreet raised Americold Realty Trust from a "d+" rating to a "c" rating in a research report on Friday, August 5th. Evercore ISI lifted their target price on Americold Realty Trust to $33.00 in a research report on Monday, August 15th. Truist Financial decreased their target price on Americold Realty Trust from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 31st. Finally, Bank of America raised Americold Realty Trust from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $28.00 to $30.00 in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.67.
Americold Realty Trust Trading Down 1.0 %
Shares of NYSE:COLD opened at $28.99 on Monday. The business's 50-day moving average is $31.20 and its 200 day moving average is $28.75. Americold Realty Trust, Inc. has a 1 year low of $23.96 and a 1 year high of $37.78. The firm has a market capitalization of $7.81 billion, a P/E ratio of -483.17, a P/E/G ratio of 4.97 and a beta of 0.30. 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 earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.21). Americold Realty Trust had a negative net margin of 0.56% and a negative return on equity of 0.41%. The business had revenue of $729.76 million for the quarter, compared to analyst estimates of $715.40 million. During the same period in the prior year, the company earned $0.28 earnings per share. The company's quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts predict that Americold Realty Trust, Inc. will post 0.94 earnings per share for the current fiscal year.
Americold Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, September 29th. Americold Realty Trust's dividend payout ratio is currently -1,466.67%.
Americold Realty Trust Company 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.
Further Reading
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