Renaissance Technologies LLC Purchases 157,200 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Renaissance Technologies LLC boosted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 26.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 745,500 shares of the company’s stock after acquiring an additional 157,200 shares during the period. Renaissance Technologies LLC owned 0.26% of Americold Realty Trust worth $19,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. PGGM Investments bought a new position in Americold Realty Trust during the second quarter worth $114,436,000. Long Pond Capital LP acquired a new stake in Americold Realty Trust during the first quarter worth about $106,206,000. Principal Financial Group Inc. increased its stake in Americold Realty Trust by 49.6% during the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after acquiring an additional 3,879,632 shares during the period. V3 Capital Management L.P. raised its holdings 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 acquiring an additional 1,680,275 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC bought a new stake in shares of Americold Realty Trust in the 1st quarter worth approximately $27,996,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on COLD shares. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Wednesday, June 26th. Wells Fargo & Company raised their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Monday, July 1st. Barclays cut their price target on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Finally, Evercore ISI upped 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.91.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $28.38 on Friday. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $32.34. The firm has a market cap of $8.06 billion, a P/E ratio of -24.26, a P/E/G ratio of 1.99 and a beta of 0.60. 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 business’s fifty day moving average is $28.96 and its two-hundred day moving average is $26.30.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) 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 company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.10%. Americold Realty Trust’s payout ratio 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.