Quarry LP Buys 7,941 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Quarry LP increased its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 1,206.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,599 shares of the company’s stock after acquiring an additional 7,941 shares during the period. Quarry LP’s holdings in Americold Realty Trust were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of COLD. Blue Trust Inc. raised 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 worth $75,000 after purchasing an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Americold Realty Trust in the 2nd quarter worth approximately $85,000. Signaturefd LLC raised 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 worth $102,000 after purchasing an additional 740 shares during the last quarter. CIBC Asset Management Inc bought a new position in Americold Realty Trust in the 2nd quarter worth approximately $204,000. Finally, Norden Group LLC bought a new position in Americold Realty Trust in the 1st quarter worth approximately $220,000. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on COLD. Evercore ISI lifted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Truist Financial lifted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Wednesday, June 26th. Scotiabank lifted their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Monday, July 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust Price Performance

COLD opened at $28.28 on Tuesday. 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, Inc. has a 12 month low of $21.87 and a 12 month high of $30.92. The company has a fifty day simple moving average of $29.02 and a 200 day simple moving average of $26.40. The stock has a market cap of $8.03 billion, a P/E ratio of -24.17, a P/E/G ratio of 1.90 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $653.74 million. During the same quarter in the prior year, the company earned $0.28 EPS. Americold Realty Trust’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

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.