Algert Global LLC Purchases 232,782 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Algert Global LLC boosted its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 140.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,616 shares of the company’s stock after acquiring an additional 232,782 shares during the quarter. Algert Global LLC owned 0.14% of Americold Realty Trust worth $10,181,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COLD. Scientech Research LLC lifted its position in Americold Realty Trust by 218.1% during the 2nd quarter. Scientech Research LLC now owns 30,096 shares of the company’s stock worth $769,000 after buying an additional 20,634 shares in the last quarter. Long Pond Capital LP increased its stake in shares of Americold Realty Trust by 2.9% during the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock worth $112,001,000 after purchasing an additional 123,440 shares during the last quarter. Makena Capital Management LLC acquired a new position in shares of Americold Realty Trust during the 2nd quarter worth about $8,406,000. Millennium Management LLC grew its stake in Americold Realty Trust by 9.0% in the 2nd quarter. Millennium Management LLC now owns 3,590,968 shares of the company’s stock valued at $91,713,000 after buying an additional 297,326 shares during the last quarter. Finally, Darlington Partners Capital Management LP grew its stake in Americold Realty Trust by 15.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after buying an additional 1,183,571 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Trading Down 0.1 %

COLD opened at $28.60 on Friday. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $30.99. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $29.02 and a 200-day moving average of $26.40. The stock has a market cap of $8.12 billion, a PE ratio of -24.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60.

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

Americold Realty Trust Announces Dividend

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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s payout ratio is -75.21%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Wednesday, June 26th. Barclays dropped their price objective on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Robert W. Baird increased their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Evercore ISI upped their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target 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.