Americold Realty Trust, Inc. (NYSE:COLD) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,590,968 shares of the company’s stock after purchasing an additional 297,326 shares during the quarter. Millennium Management LLC owned 1.26% of Americold Realty Trust worth $91,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Americold Realty Trust during the 2nd quarter worth about $85,000. Signaturefd LLC lifted its holdings in Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Americold Realty Trust during the 2nd quarter worth about $204,000. Finally, Wedmont Private Capital purchased a new stake in Americold Realty Trust during the 2nd quarter worth about $241,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on COLD shares. JPMorgan Chase & Co. raised 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. Robert W. Baird boosted their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Truist Financial boosted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays reduced their target price on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Finally, Wells Fargo & Company upped their price objective 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 company. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.91.

Americold Realty Trust Stock Performance

NYSE COLD opened at $28.60 on Friday. 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 business’s 50 day moving average is $29.02 and its two-hundred day moving average is $26.40. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $30.99. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of -24.44, a PEG ratio of 1.90 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last released its earnings results 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). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -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.