International Assets Investment Management LLC Invests $8.37 Million in Americold Realty Trust, Inc. (NYSE:COLD)

International Assets Investment Management LLC purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,592 shares of the company’s stock, valued at approximately $8,370,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Insight Partners LLC raised its stake in shares of Americold Realty Trust by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after buying an additional 380 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Americold Realty Trust by 2.3% during the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after buying an additional 390 shares during the last quarter. Signaturefd LLC raised its stake in shares of Americold Realty Trust by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after buying an additional 689 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Americold Realty Trust by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after buying an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.9 %

COLD opened at $25.68 on Friday. The firm has a 50 day moving average price of $27.95 and a 200 day moving average price of $26.76. The company has a market cap of $7.29 billion, a PE ratio of -21.95, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $30.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last issued 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). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The firm had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Sell-side analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s payout ratio is currently -75.21%.

Analysts Set New Price Targets

Several research analysts recently weighed in on COLD shares. Scotiabank boosted their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Barclays boosted their target price on shares of Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday. Robert W. Baird boosted their target price 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. Evercore ISI boosted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Truist Financial boosted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $31.18.

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.