Makena Capital Management LLC Invests $8.41 Million in Americold Realty Trust, Inc. (NYSE:COLD)

Makena Capital Management LLC bought a new stake in Americold Realty Trust, Inc. (NYSE:COLD) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 329,113 shares of the company’s stock, valued at approximately $8,406,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in COLD. Blue Trust Inc. grew 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 buying an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust in the 2nd quarter worth about $85,000. Signaturefd LLC grew its stake in shares of Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after buying an additional 740 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Americold Realty Trust in the second quarter worth $204,000. Finally, Norden Group LLC bought a new stake in shares of Americold Realty Trust in the first quarter worth $220,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.3 %

Shares of Americold Realty Trust stock opened at $28.63 on Friday. The business has a fifty day simple moving average of $29.02 and a 200 day simple moving average of $26.38. The stock has a market cap of $8.13 billion, a PE ratio of -24.47, a price-to-earnings-growth 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. 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 posted its quarterly earnings data 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 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%. Americold Realty Trust’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Research analysts predict 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 paid a $0.22 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.07%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COLD. 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 report on Wednesday, August 14th. Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Monday, July 1st. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Wednesday, June 26th. Wells Fargo & Company lifted their target price 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. Finally, Scotiabank upped their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock 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.