Gallacher Capital Management LLC Acquires New Position in Americold Realty Trust Inc. $COLD

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 purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,665 shares of the company's stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pensionfund DSM Netherlands increased its stake in Americold Realty Trust by 61.1% in the 2nd quarter. Pensionfund DSM Netherlands now owns 58,000 shares of the company's stock worth $965,000 after purchasing an additional 22,000 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Americold Realty Trust in the first quarter valued at approximately $412,000. Voya Investment Management LLC raised its position in Americold Realty Trust by 2.9% during the first quarter. Voya Investment Management LLC now owns 35,512 shares of the company's stock valued at $762,000 after purchasing an additional 1,001 shares in the last quarter. Anson Funds Management LP boosted its position in Americold Realty Trust by 48.8% during the 1st quarter. Anson Funds Management LP now owns 202,906 shares of the company's stock valued at $4,354,000 after acquiring an additional 66,576 shares in the last quarter. Finally, Strs Ohio bought a new stake in Americold Realty Trust in the 1st quarter worth approximately $7,479,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Price Performance

COLD traded down $0.07 during midday trading on Friday, hitting $12.93. The stock had a trading volume of 1,477,473 shares, compared to its average volume of 3,253,907. The business has a fifty day moving average of $15.04 and a 200 day moving average of $17.49. Americold Realty Trust Inc. has a 1 year low of $12.85 and a 1 year high of $29.50. The company has a market cap of $3.68 billion, a P/E ratio of -68.24, a price-to-earnings-growth ratio of 4.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12.

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

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.1%. Americold Realty Trust's dividend payout ratio is -484.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. BNP Paribas Exane cut shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Thursday, June 12th. Truist Financial cut their price target on shares of Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Evercore ISI reduced their target price on 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. Finally, Scotiabank cut their price objective on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, September 5th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.00.

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.