Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 17.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 105,541 shares of the company's stock after buying an additional 15,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Americold Realty Trust were worth $2,942,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. AlphaCrest Capital Management LLC purchased a new position in shares of Americold Realty Trust in the 4th quarter worth $745,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Americold Realty Trust in the 4th quarter worth $306,000. Van ECK Associates Corp grew its stake in shares of Americold Realty Trust by 15.1% in the 1st quarter. Van ECK Associates Corp now owns 24,043 shares of the company's stock worth $670,000 after buying an additional 3,149 shares in the last quarter. M&T Bank Corp grew its stake in shares of Americold Realty Trust by 14.9% in the 1st quarter. M&T Bank Corp now owns 26,858 shares of the company's stock worth $749,000 after buying an additional 3,473 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Americold Realty Trust by 5.3% in the 4th quarter. Rhumbline Advisers now owns 295,201 shares of the company's stock worth $9,680,000 after buying an additional 14,850 shares in the last quarter.
Get Americold Realty Trust alerts:Americold Realty Trust Trading Down 1.0 %
Shares of COLD opened at $28.99 on Monday. Americold Realty Trust, Inc. has a 1-year low of $23.96 and a 1-year high of $37.78. The company has a 50-day moving average of $31.20 and a 200 day moving average of $28.75. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of -483.17, a PEG 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 quarterly earnings data on Thursday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $729.76 million for the quarter, compared to the consensus estimate of $715.40 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company's quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts expect that Americold Realty Trust, Inc. will post 0.94 EPS for the current year.Americold Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 3.04%. Americold Realty Trust's dividend payout ratio is currently -1,466.67%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on COLD. TheStreet raised shares of Americold Realty Trust from a "d+" rating to a "c" rating in a research note on Friday, August 5th. Truist Financial dropped their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 31st. Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, July 7th. Barclays dropped their price target 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. Finally, Bank of America raised shares of Americold Realty Trust from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $28.00 to $30.00 in a research note on Thursday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of "Hold" and an average price target 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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