Pallas Capital Advisors LLC Makes New Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Pallas Capital Advisors LLC acquired a new stake in Americold Realty Trust, Inc. (NYSE:COLD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 15,801 shares of the company’s stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors have also modified their holdings of COLD. GAMMA Investing LLC bought a new stake in shares of Americold Realty Trust in the 4th quarter valued at about $50,000. Principal Securities Inc. acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $80,000. Blue Trust Inc. boosted its stake in shares of Americold Realty Trust by 2,727.4% during 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. bought a new stake in Americold Realty Trust in the 2nd quarter valued at $85,000. Finally, Signaturefd LLC boosted its position in Americold Realty Trust by 24.0% during the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock worth $103,000 after purchasing an additional 659 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

COLD has been the subject of several recent research reports. Truist Financial boosted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wolfe Research raised 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. Wells Fargo & Company started coverage on shares of Americold Realty Trust in a report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. raised Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Wednesday, June 26th. Finally, Robert W. Baird raised their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.45.

Americold Realty Trust Trading Down 0.4 %

NYSE COLD traded down $0.11 during trading hours on Wednesday, reaching $28.57. The company’s stock had a trading volume of 88,074 shares, compared to its average volume of 2,355,148. The firm has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $25.97. The stock has a market cap of $8.12 billion, a P/E ratio of -24.51, a P/E/G ratio of 2.14 and a beta of 0.59. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $33.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current fiscal year.

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.