Moors & Cabot Inc. Increases Position in Americold Realty Trust, Inc. (NYSE:COLD)

Moors & Cabot Inc. boosted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,340 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Moors & Cabot Inc.’s holdings in Americold Realty Trust were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Principal Securities Inc. acquired a new stake in Americold Realty Trust in the 4th quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust in the 2nd quarter worth about $85,000. Signaturefd LLC increased its stake in Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Americold Realty Trust during the second quarter valued at approximately $204,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 1.2 %

Shares of Americold Realty Trust stock opened at $28.63 on Friday. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $33.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of -24.47, a PEG ratio of 1.99 and a beta of 0.60. The stock has a 50 day moving average of $28.93 and a 200 day moving average of $26.29.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.07%. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

Analyst Upgrades and Downgrades

Several analysts recently commented on COLD shares. Scotiabank boosted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. 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. Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note 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 price objective for the company in a research note on Wednesday, June 26th. Finally, Robert W. Baird lifted their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and an average target price of $30.91.

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.