Earnest Partners LLC Boosts Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Earnest Partners LLC raised its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,779,354 shares of the company’s stock after purchasing an additional 2,369 shares during the period. Earnest Partners LLC owned 0.63% of Americold Realty Trust worth $45,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Insight Partners LLC boosted its holdings in Americold Realty Trust by 2.6% in the second quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after acquiring an additional 380 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Americold Realty Trust by 2.3% in the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after acquiring an additional 390 shares in the last quarter. Signaturefd LLC boosted its holdings in 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 acquiring an additional 740 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in Americold Realty Trust by 6.6% in the first quarter. Yousif Capital Management LLC now owns 12,429 shares of the company’s stock worth $310,000 after acquiring an additional 768 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Americold Realty Trust by 3.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 30,989 shares of the company’s stock worth $772,000 after acquiring an additional 1,091 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COLD. Truist Financial raised their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI boosted their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Barclays decreased their price target on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Wolfe Research raised Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Monday, July 1st. Finally, Wells Fargo & Company upped their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust Price Performance

COLD opened at $28.63 on Friday. The stock’s 50-day moving average price is $29.02 and its 200 day moving average price is $26.38. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $30.99. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of -24.47, a PEG ratio of 1.90 and a beta of 0.60.

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

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.07%. Americold Realty Trust’s dividend payout ratio (DPR) is -75.21%.

About Americold Realty Trust

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.