RDST Capital LLC Boosts Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

RDST Capital LLC boosted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 13.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,695,825 shares of the company’s stock after purchasing an additional 200,315 shares during the period. Americold Realty Trust comprises about 11.4% of RDST Capital LLC’s investment portfolio, making the stock its biggest position. RDST Capital LLC owned 0.60% of Americold Realty Trust worth $43,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. PGGM Investments bought a new position in Americold Realty Trust in the second quarter valued at approximately $114,436,000. Long Pond Capital LP bought a new position in Americold Realty Trust in the first quarter valued at approximately $106,206,000. Principal Financial Group Inc. boosted its position in Americold Realty Trust by 49.6% during the 1st 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 during the last quarter. V3 Capital Management L.P. grew its stake in shares of Americold Realty Trust by 181.5% during the 1st 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 valued at approximately $27,996,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 1.5 %

NYSE:COLD opened at $28.83 on Tuesday. The firm’s fifty day moving average is $28.98 and its 200-day moving average is $26.33. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $31.88. 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 firm has a market cap of $8.19 billion, a P/E ratio of -24.64, a P/E/G ratio of 1.99 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. Equities 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 disclosed 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 3.05%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COLD shares. Evercore ISI raised their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank raised their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Robert W. Baird increased their price target on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Monday, July 1st. Finally, Truist Financial upped their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from 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.