Delap Wealth Advisory LLC Makes New $390,000 Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Delap Wealth Advisory LLC purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,263 shares of the company’s stock, valued at approximately $390,000.

A number of other large investors also recently bought and sold shares of COLD. PGGM Investments purchased a new position in Americold Realty Trust during the second quarter worth approximately $114,436,000. Long Pond Capital LP acquired a new stake in shares of Americold Realty Trust in the first quarter worth $106,206,000. Principal Financial Group Inc. increased its position in shares of Americold Realty Trust by 49.6% in the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after acquiring an additional 3,879,632 shares in the last quarter. V3 Capital Management L.P. increased its position in shares of Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after acquiring an additional 1,680,275 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC acquired a new stake in shares of Americold Realty Trust in the first quarter worth $27,996,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

COLD opened at $28.39 on Friday. The company has a fifty day simple moving average of $28.96 and a 200 day simple moving average of $26.31. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of -24.26, a PEG ratio of 1.99 and a beta of 0.60. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $32.34. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

Americold Realty Trust (NYSE:COLD) last posted 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 net margin of 10.60% and a negative return on equity of 7.74%. The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts expect that Americold Realty Trust, Inc. will post 1.35 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.22 per share. 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 dividend payout ratio (DPR) is -75.21%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on COLD shares. Robert W. Baird increased their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Scotiabank increased their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company increased 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 research report on Wednesday, August 28th. Barclays dropped their price objective on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Finally, Truist Financial increased their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.91.

Americold Realty Trust 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.