Bayesian Capital Management LP Purchases Shares of 9,700 Americold Realty Trust, Inc. (NYSE:COLD)

Bayesian Capital Management LP bought a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,700 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Americold Realty Trust in the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. lifted its stake in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock valued at $136,698,000 after acquiring an additional 3,427,083 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Americold Realty Trust by 253.8% in the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock valued at $68,761,000 after purchasing an additional 2,304,867 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after purchasing an additional 1,678,949 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COLD. Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Citigroup reduced their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, Scotiabank decreased their target price on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Americold Realty Trust Trading Down 5.9 %

Shares of COLD stock opened at $17.33 on Friday. The firm has a market capitalization of $4.93 billion, a P/E ratio of -50.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. Americold Realty Trust, Inc. has a 1 year low of $16.56 and a 1 year high of $30.45. The firm’s fifty day simple moving average is $20.35 and its 200 day simple moving average is $21.80. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. As a group, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.31%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.