Loomis Sayles & Co. L P Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

Loomis Sayles & Co. L P purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,947 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Insight Partners LLC grew its holdings in shares of Americold Realty Trust by 2.6% during the second quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after purchasing an additional 380 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Americold Realty Trust by 2.3% during the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after acquiring an additional 390 shares during the last quarter. Signaturefd LLC increased its position in Americold Realty Trust by 17.3% in the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after acquiring an additional 689 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Americold Realty Trust by 1.0% in the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after acquiring an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of research reports. Evercore ISI raised their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays dropped their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Royal Bank of Canada decreased their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Scotiabank boosted their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company raised their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $24.04 on Friday. The firm’s 50 day simple moving average is $25.74 and its 200 day simple moving average is $26.86. Americold Realty Trust, Inc. has a fifty-two week low of $21.53 and a fifty-two week high of $30.92. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of -23.80, a P/E/G ratio of 1.89 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. As a group, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.66%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

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.