Delap Wealth Advisory LLC Invests $390,000 in Americold Realty Trust, Inc. (NYSE:COLD)

Delap Wealth Advisory LLC purchased a new position in Americold Realty Trust, Inc. (NYSE:COLD) during the second quarter, HoldingsChannel.com reports. The fund purchased 15,263 shares of the company’s stock, valued at approximately $390,000.

A number of other large investors also recently modified their holdings of the business. Blue Trust Inc. lifted its position in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Americold Realty Trust in the 2nd quarter valued at about $85,000. Signaturefd LLC lifted its position in Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Americold Realty Trust in the 2nd quarter valued at about $204,000. Finally, Norden Group LLC bought a new stake in Americold Realty Trust in the 1st quarter valued at about $220,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Down 0.8 %

Shares of Americold Realty Trust stock opened at $28.39 on Friday. The stock has a market cap of $8.06 billion, a PE ratio of -24.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. Americold Realty Trust, Inc. has a 12 month low of $21.87 and a 12 month high of $32.34. The business has a fifty day simple moving average of $28.96 and a 200 day simple moving average of $26.31. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. Research analysts predict that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -75.21%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of 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. Truist Financial lifted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Monday, July 1st. Barclays lowered their target price on shares of 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. Finally, Robert W. Baird raised 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.91.

Americold Realty Trust 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.