Americold Realty Trust, Inc. (NYSE:COLD) Shares Purchased by Algert Global LLC

Algert Global LLC raised its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 494,246 shares of the company’s stock after acquiring an additional 95,630 shares during the quarter. Americold Realty Trust makes up approximately 0.4% of Algert Global LLC’s investment portfolio, making the stock its 29th largest position. Algert Global LLC owned approximately 0.17% of Americold Realty Trust worth $13,972,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of COLD. PGGM Investments acquired a new stake in shares of Americold Realty Trust during the 2nd quarter valued at about $114,436,000. Principal Financial Group Inc. boosted its position in Americold Realty Trust by 30.8% during the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after purchasing an additional 3,602,337 shares in the last quarter. V3 Capital Management L.P. grew its holdings in Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock valued at $64,941,000 after purchasing an additional 1,680,275 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after buying an additional 1,647,522 shares in the last quarter. Finally, Darlington Partners Capital Management LP increased its position in shares of Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after buying an additional 1,183,571 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 1.0 %

COLD stock opened at $23.12 on Friday. Americold Realty Trust, Inc. has a 1 year low of $21.53 and a 1 year high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The business has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $26.82.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate 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 was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COLD. Evercore ISI lifted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Barclays reduced their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird cut their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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.