Quantinno Capital Management LP Acquires 39,100 Shares of Americold Realty Trust Inc. $COLD

Quantinno Capital Management LP boosted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 8.3% in the first quarter, HoldingsChannel reports. The firm owned 509,391 shares of the company’s stock after acquiring an additional 39,100 shares during the period. Quantinno Capital Management LP’s holdings in Americold Realty Trust were worth $5,838,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in Americold Realty Trust in the fourth quarter worth $26,000. Geneos Wealth Management Inc. increased its stake in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after buying an additional 948 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after buying an additional 942 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Americold Realty Trust by 106.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock valued at $36,000 after buying an additional 1,432 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD stock opened at $14.01 on Thursday. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.27. The company has a market cap of $4.00 billion, a P/E ratio of -35.91 and a beta of 0.97. The business’s fifty day moving average is $15.03 and its 200-day moving average is $13.53.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.33. The business had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $613.77 million. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. Equities research analysts forecast that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.6%. Americold Realty Trust’s dividend payout ratio (DPR) is -235.90%.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Piper Sandler boosted their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. UBS Group upped their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Robert W. Baird set a $15.00 price target on shares of Americold Realty Trust in a report on Friday, May 8th. Finally, Scotiabank set a $15.00 price objective on shares of Americold Realty Trust in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Americold Realty Trust has an average rating of “Hold” and an average target price of $15.25.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.