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
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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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