Creative Planning Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

Creative Planning bought a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,082 shares of the company’s stock, valued at approximately $462,000.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake 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 purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust in the 2nd quarter worth approximately $85,000. Signaturefd LLC lifted its stake in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares during the period. CIBC Asset Management Inc bought a new position in shares of Americold Realty Trust in the 2nd quarter worth approximately $204,000. Finally, Norden Group LLC bought a new position in shares of Americold Realty Trust in the 1st quarter worth approximately $220,000. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of 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. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Wednesday, June 26th. 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 increased their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI increased their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $30.91.

Americold Realty Trust Stock Up 0.0 %

NYSE COLD opened at $26.79 on Wednesday. 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 company has a market capitalization of $7.61 billion, a P/E ratio of -22.90, a P/E/G ratio of 1.77 and a beta of 0.60. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $30.92. The stock has a 50 day moving average price of $28.53 and a 200-day moving average price of $26.59.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results 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). The company had revenue of $660.96 million during 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 firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, equities analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.28%. Americold Realty Trust’s dividend payout ratio (DPR) is -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.