Balyasny Asset Management L.P. Grows Position in Americold Realty Trust, Inc. (NYSE:COLD)

Balyasny Asset Management L.P. increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,629,072 shares of the company's stock after purchasing an additional 870,973 shares during the period. Balyasny Asset Management L.P. owned approximately 1.28% of Americold Realty Trust worth $77,662,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. lifted its position in shares of Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after purchasing an additional 4,049,374 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after purchasing an additional 3,427,083 shares during the period. Invesco Ltd. grew its holdings in shares of Americold Realty Trust by 253.8% in the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after purchasing an additional 2,304,867 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Americold Realty Trust by 132.0% in 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 last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

COLD traded down $0.16 on Friday, reaching $17.18. 3,132,478 shares of the stock were exchanged, compared to its average volume of 2,217,608. Americold Realty Trust, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $30.45. The firm has a market capitalization of $4.89 billion, a PE ratio of -50.53, a PEG ratio of 1.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company's 50-day moving average price is $20.26 and its 200 day moving average price is $21.70.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business had revenue of $628.98 million during the quarter, compared to analysts' expectations of $667.18 million. During the same period last year, the company earned $0.37 earnings per share. The firm's revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal 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 given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's dividend payout ratio is currently -270.59%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 10th. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Citigroup cut their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Americold Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.