Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lowered its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 78.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,021 shares of the company’s stock after selling 140,162 shares during the quarter. Magnetar Financial LLC’s holdings in Americold Realty Trust were worth $997,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Americold Realty Trust in the second quarter valued at $85,000. Signaturefd LLC boosted its stake in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares during the period. CIBC Asset Management Inc acquired a new stake in Americold Realty Trust during the 2nd quarter valued at $204,000. Finally, Norden Group LLC purchased a new stake in Americold Realty Trust during the 1st quarter worth $220,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $29.22 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $29.01 and a two-hundred day moving average of $26.35. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $31.88. The company has a market cap of $8.30 billion, a P/E ratio of -24.97, a PEG ratio of 1.99 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last issued 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). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. As a group, analysts anticipate that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid 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 3.01%. Americold Realty Trust’s payout ratio is currently -75.21%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. 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. Wells Fargo & Company upped their target price on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Barclays reduced their target price on 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, Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently 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.