Presima Securities ULC Purchases New Shares in Americold Realty Trust, Inc. (NYSE:COLD)

Presima Securities ULC acquired a new position in Americold Realty Trust, Inc. (NYSE:COLD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 126,970 shares of the company’s stock, valued at approximately $3,589,000. Americold Realty Trust accounts for about 0.8% of Presima Securities ULC’s portfolio, making the stock its 18th largest holding.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Americold Realty Trust by 2.9% during the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after purchasing an additional 1,095,116 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after buying an additional 3,602,337 shares during the period. Darlington Partners Capital Management LP lifted its position in shares of Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after buying an additional 1,183,571 shares in the last quarter. PGGM Investments acquired a new stake in Americold Realty Trust in the 2nd quarter valued at $114,436,000. Finally, Long Pond Capital LP grew its stake in Americold Realty Trust by 2.9% in the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock valued at $112,001,000 after acquiring an additional 123,440 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 0.9 %

NYSE COLD opened at $27.03 on Thursday. The business’s fifty day simple moving average is $28.47 and its 200-day simple moving average is $26.60. 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 firm has a market cap of $7.68 billion, a PE ratio of -23.10, a P/E/G ratio of 1.77 and a beta of 0.60. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $30.92.

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 return on equity of 7.74% and a negative net margin of 10.60%. The firm had revenue of $660.96 million for the quarter, compared to analysts’ expectations of $653.74 million. During the same period last year, the firm earned $0.28 earnings per share. Americold Realty Trust’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.26%. Americold Realty Trust’s payout ratio is -75.21%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COLD shares. Wells Fargo & Company increased their price objective 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. Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird raised their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Evercore ISI boosted their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.