Americold Realty Trust, Inc. (NYSE:COLD) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 174.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 334,081 shares of the company’s stock after acquiring an additional 212,426 shares during the quarter. Easterly Investment Partners LLC owned 0.12% of Americold Realty Trust worth $9,444,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after purchasing an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Americold Realty Trust in the second quarter worth about $85,000. Signaturefd LLC raised its stake in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Americold Realty Trust in the third quarter worth about $128,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 1.3 %

Americold Realty Trust stock traded up $0.31 during midday trading on Friday, reaching $23.48. 354,189 shares of the stock traded hands, compared to its average volume of 2,176,685. The company has a 50-day simple moving average of $27.48 and a two-hundred day simple moving average of $26.82. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $30.92. The firm has a market cap of $6.67 billion, a PE ratio of -22.92, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. Research analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s payout ratio is presently -87.13%.

Analyst Ratings Changes

Several brokerages recently weighed in on COLD. Evercore ISI lifted their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial lifted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird reduced their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company lifted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Scotiabank lifted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.