Americold Realty Trust, Inc. (NYSE:COLD) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 9.0% during the second quarter, HoldingsChannel.com reports. The fund owned 3,590,968 shares of the company’s stock after acquiring an additional 297,326 shares during the quarter. Millennium Management LLC’s holdings in Americold Realty Trust were worth $91,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of COLD. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust during the 2nd quarter valued at $85,000. Signaturefd LLC grew its holdings in 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 last quarter. CIBC Asset Management Inc acquired a new stake in Americold Realty Trust during the 2nd quarter valued at $204,000. Finally, Norden Group LLC acquired a new stake in Americold Realty Trust during the 1st quarter valued at $220,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on COLD shares. Scotiabank increased their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Evercore ISI increased their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Wednesday, June 26th. Truist Financial increased their target price on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Barclays reduced 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Americold Realty Trust Trading Down 0.1 %

Shares of COLD opened at $28.60 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $8.12 billion, a P/E ratio of -24.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60. The stock’s fifty day simple moving average is $29.02 and its 200 day simple moving average is $26.40. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $30.99.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm 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 company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

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