Earnest Partners LLC Grows Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Earnest Partners LLC grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 0.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,779,354 shares of the company’s stock after acquiring an additional 2,369 shares during the quarter. Earnest Partners LLC’s holdings in Americold Realty Trust were worth $45,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in COLD. PGGM Investments purchased a new position in shares of Americold Realty Trust in the 2nd quarter valued at about $114,436,000. Long Pond Capital LP purchased a new position in Americold Realty Trust during the 1st quarter worth approximately $106,206,000. Principal Financial Group Inc. grew its stake in Americold Realty Trust by 49.6% during the 1st quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after buying an additional 3,879,632 shares during the last quarter. V3 Capital Management L.P. grew its stake in Americold Realty Trust by 181.5% during the 1st quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after buying an additional 1,680,275 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC purchased a new position in Americold Realty Trust during the 1st quarter worth approximately $27,996,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.3 %

COLD opened at $28.63 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The business has a 50 day simple moving average of $29.02 and a 200-day simple moving average of $26.38. The stock has a market capitalization of $8.13 billion, a P/E ratio of -24.47, a P/E/G ratio of 1.90 and a beta of 0.60. Americold Realty Trust, Inc. has a 12 month low of $21.87 and a 12 month high of $30.99.

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 the consensus estimate of $0.31 by ($0.54). The business 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 earned $0.28 earnings per share. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Barclays dropped 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. Truist Financial increased their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wolfe Research raised Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Monday, July 1st. Finally, JPMorgan Chase & Co. raised Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.