AQR Capital Management LLC Buys 1,039,828 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

AQR Capital Management LLC boosted its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 2,175.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,087,628 shares of the company’s stock after purchasing an additional 1,039,828 shares during the period. AQR Capital Management LLC owned approximately 0.38% of Americold Realty Trust worth $27,071,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its position in Americold Realty Trust by 9.2% in the 1st quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock worth $10,922,000 after purchasing an additional 36,811 shares during the period. Centersquare Investment Management LLC grew its position in Americold Realty Trust by 100.3% in the 1st quarter. Centersquare Investment Management LLC now owns 1,798,751 shares of the company’s stock worth $44,825,000 after purchasing an additional 900,815 shares during the period. Sei Investments Co. grew its position in Americold Realty Trust by 14.2% in the 1st quarter. Sei Investments Co. now owns 1,627,556 shares of the company’s stock worth $40,559,000 after purchasing an additional 201,911 shares during the period. Swiss National Bank grew its position in Americold Realty Trust by 5.1% in the 1st quarter. Swiss National Bank now owns 559,700 shares of the company’s stock worth $13,948,000 after purchasing an additional 27,100 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Americold Realty Trust during the 4th quarter worth $2,683,000. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. 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 note on Monday, July 1st. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Wednesday, June 26th. Wells Fargo & Company lifted their price target on shares of 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. Finally, Evercore ISI lifted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.91.

Americold Realty Trust Stock Down 0.1 %

Shares of COLD stock opened at $28.60 on Monday. The stock has a market cap of $8.12 billion, a P/E ratio of -24.44, a PEG ratio of 1.90 and a beta of 0.60. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week 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. The company’s fifty day simple moving average is $29.02 and its two-hundred day simple moving average is $26.40.

Americold Realty Trust (NYSE:COLD) last announced 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 company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. Analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s payout ratio is currently -75.21%.

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.