Americold Realty Trust, Inc. (NYSE:COLD) Stake Boosted by Garner Asset Management Corp

Garner Asset Management Corp increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,800 shares of the company’s stock after acquiring an additional 7,797 shares during the period. Garner Asset Management Corp’s holdings in Americold Realty Trust were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Foresight Group Ltd Liability Partnership bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth $566,000. Moors & Cabot Inc. boosted its holdings in Americold Realty Trust by 2.3% during the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after acquiring an additional 390 shares during the period. Renaissance Technologies LLC grew its position in shares of Americold Realty Trust by 26.7% in the second quarter. Renaissance Technologies LLC now owns 745,500 shares of the company’s stock valued at $19,040,000 after purchasing an additional 157,200 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Americold Realty Trust by 3.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 77,159 shares of the company’s stock worth $1,971,000 after purchasing an additional 2,733 shares during the period. Finally, William Blair Investment Management LLC lifted its position in shares of Americold Realty Trust by 0.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,432,799 shares of the company’s stock worth $36,594,000 after purchasing an additional 6,434 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

COLD has been the topic of a number of research analyst reports. Barclays lowered their target price on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Scotiabank upped their target price on shares of 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 shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Monday, July 1st. Wells Fargo & Company boosted their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $28.28 on Thursday. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $33.24. 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 stock has a market cap of $8.03 billion, a PE ratio of -24.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. The stock has a 50-day moving average of $28.91 and a 200-day moving average of $26.27.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The business 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 revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. As a group, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

About Americold Realty Trust

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.