Freestone Capital Holdings LLC Takes Position in Americold Realty Trust Inc. $COLD

Freestone Capital Holdings LLC purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 174,000 shares of the company’s stock, valued at approximately $2,894,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in shares of Americold Realty Trust by 270.7% in the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company’s stock worth $2,239,000 after acquiring an additional 76,183 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Americold Realty Trust by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 1,250,726 shares of the company’s stock worth $26,841,000 after purchasing an additional 24,700 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Americold Realty Trust by 14.6% during the first quarter. Envestnet Asset Management Inc. now owns 982,803 shares of the company’s stock worth $21,091,000 after purchasing an additional 125,232 shares during the last quarter. Values First Advisors Inc. boosted its holdings in Americold Realty Trust by 6.0% in the first quarter. Values First Advisors Inc. now owns 19,509 shares of the company’s stock worth $420,000 after purchasing an additional 1,100 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Americold Realty Trust by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 202,369 shares of the company’s stock valued at $4,372,000 after purchasing an additional 1,840 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of research reports. Wall Street Zen cut shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. UBS Group started coverage on shares of Americold Realty Trust in a research note on Tuesday, October 14th. They set a “neutral” rating and a $14.00 price objective on the stock. Zacks Research cut shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Finally, Truist Financial dropped their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.08.

Americold Realty Trust Trading Down 0.0%

Shares of NYSE:COLD opened at $12.89 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $13.38 and its 200 day moving average price is $15.69. The company has a market cap of $3.67 billion, a PE ratio of -67.82, a P/E/G ratio of 4.00 and a beta of 0.81. Americold Realty Trust Inc. has a fifty-two week low of $11.90 and a fifty-two week high of $26.42.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $650.75 million during the quarter, compared to analysts’ expectations of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. Sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.1%. Americold Realty Trust’s payout ratio is presently -484.21%.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.