Cubist Systematic Strategies LLC Has $4.78 Million Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Cubist Systematic Strategies LLC decreased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 62.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 187,179 shares of the company’s stock after selling 309,549 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Americold Realty Trust were worth $4,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Americold Realty Trust by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock valued at $982,509,000 after purchasing an additional 1,095,116 shares during the period. Principal Financial Group Inc. grew its position in Americold Realty Trust by 30.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after purchasing an additional 3,602,337 shares during the period. PGGM Investments acquired a new stake in Americold Realty Trust in the 2nd quarter valued at $114,436,000. Long Pond Capital LP acquired a new stake in Americold Realty Trust in the 1st quarter valued at $106,206,000. Finally, V3 Capital Management L.P. grew its position in Americold Realty Trust by 181.5% in the 1st 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. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Scotiabank raised their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Monday, July 1st. Evercore ISI raised their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Truist Financial raised their price objective 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $30.91.

Americold Realty Trust Trading Down 0.2 %

NYSE COLD opened at $28.58 on Friday. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of -24.43, a PEG ratio of 1.90 and a beta of 0.60. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $30.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The business’s fifty day moving average is $29.02 and its 200-day moving average is $26.40.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). The business had revenue of $660.96 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities research analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed 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. This represents a $0.88 annualized dividend and a yield of 3.08%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) 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.