30,665 Shares in Americold Realty Trust Inc. $COLD Purchased by Gallacher Capital Management LLC

Key Points

• Gallacher Capital Management LLC purchased 30,665 shares of Americold Realty Trust Inc. (NYSE:COLD) for approximately $510,000 in the second quarter, indicating investor interest in the firm.
• Americold Realty Trust is currently trading at $13.80 with a market cap of $3.93 billion, having experienced a revenue decline of 1.5% year-over-year.
• The firm announced a quarterly dividend of $0.23 per share, offering a 6.7% dividend yield, despite a negative dividend payout ratio of -484.21%.

Gallacher Capital Management LLC bought a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 30,665 shares of the company's stock, valued at approximately $510,000.

A number of other hedge funds have also made changes to their positions in COLD. Lazard Asset Management LLC increased its position in shares of Americold Realty Trust by 22.3% during the 4th quarter. Lazard Asset Management LLC now owns 23,119 shares of the company's stock worth $494,000 after purchasing an additional 4,219 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth about $608,000. Nissay Asset Management Corp Japan ADV increased its position in shares of Americold Realty Trust by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 38,703 shares of the company's stock worth $828,000 after purchasing an additional 1,492 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth about $497,000. Finally, Squarepoint Ops LLC increased its position in shares of Americold Realty Trust by 21.2% during the 4th quarter. Squarepoint Ops LLC now owns 85,080 shares of the company's stock worth $1,821,000 after purchasing an additional 14,897 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on COLD shares. Evercore ISI dropped their target price on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. Robert W. Baird decreased their price objective 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. Truist Financial decreased their price objective on shares of Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada decreased their price objective 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. Finally, Scotiabank decreased their price objective on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, September 5th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.00.

Americold Realty Trust Stock Up 1.4%

Shares of NYSE COLD opened at $13.80 on Monday. The firm has a market capitalization of $3.93 billion, a PE ratio of -72.63, a price-to-earnings-growth ratio of 4.32 and a beta of 0.85. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a 1 year low of $13.10 and a 1 year high of $29.50. The firm's 50-day moving average is $15.28 and its 200-day moving average is $17.67.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is -484.21%.

Americold Realty Trust Company 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.

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