Magnetar Financial LLC Purchases Shares of 235,535 Americold Realty Trust Inc. $COLD

Key Points

• Magnetar Financial LLC acquired 235,535 shares of Americold Realty Trust valued at approximately $5.05 million, representing about 0.08% of the company's shares.
• Recent analyst ratings show a mixed sentiment, with some firms raising their ratings while others have lowered the price targets for Americold Realty Trust, resulting in a consensus rating of "Moderate Buy" with an average price target of $20.45.
• Americold Realty Trust reported $0.36 earnings per share in its latest quarterly results, slightly exceeding analysts' expectations, but its revenue has decreased by 1.5% year-over-year.

Magnetar Financial LLC bought a new position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 235,535 shares of the company's stock, valued at approximately $5,055,000. Magnetar Financial LLC owned about 0.08% of Americold Realty Trust as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in COLD. Massachusetts Financial Services Co. MA increased its holdings in shares of Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock worth $89,247,000 after buying an additional 3,603,716 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after buying an additional 3,427,083 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Americold Realty Trust by 1,567.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock valued at $63,541,000 after purchasing an additional 2,783,264 shares during the last quarter. Nuveen LLC bought a new position in Americold Realty Trust during the 1st quarter valued at about $33,751,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Americold Realty Trust during the 1st quarter valued at about $33,013,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Up 0.5%

NYSE:COLD traded up $0.07 during midday trading on Thursday, reaching $13.95. 7,530,583 shares of the stock traded hands, compared to its average volume of 4,453,934. Americold Realty Trust Inc. has a 12-month low of $13.73 and a 12-month high of $29.58. The business has a 50-day moving average of $15.67 and a two-hundred day moving average of $18.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $3.97 billion, a PE ratio of -73.40, a price-to-earnings-growth ratio of 4.29 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company had revenue of $650.75 million during the quarter, compared to analysts' expectations of $644.95 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. Americold Realty Trust's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.6%. Americold Realty Trust's dividend payout ratio is presently -484.21%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COLD shares. Robert W. Baird cut their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company cut their price target on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Royal Bank Of Canada cut their price target on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, August 18th. KeyCorp cut their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Finally, Barclays cut their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Americold Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $20.45.

Americold Realty Trust Profile

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.