Algert Global LLC Buys 47,913 Shares of Americold Realty Trust Inc. $COLD

Key Points

• Algert Global LLC increased its stake in Americold Realty Trust by 7.1% during Q1, owning 725,360 shares worth approximately $15.57 million.
• Americold Realty Trust recently declared a quarterly dividend of $0.23, reflecting an annualized yield of 6.2%.
• Analysts have mixed ratings on Americold Realty Trust, with a consensus average rating of "Moderate Buy" and a target price of $23.58.

Algert Global LLC grew its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 7.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 725,360 shares of the company's stock after purchasing an additional 47,913 shares during the quarter. Americold Realty Trust comprises approximately 0.4% of Algert Global LLC's portfolio, making the stock its 18th biggest holding. Algert Global LLC owned 0.25% of Americold Realty Trust worth $15,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust during the first quarter worth about $36,000. Parallel Advisors LLC boosted its position in Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. boosted its position in Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares during the period. Avalon Trust Co bought a new position in Americold Realty Trust during the first quarter worth about $49,000. Finally, Spire Wealth Management bought a new position in Americold Realty Trust during the first quarter worth about $52,000. Institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COLD. Royal Bank Of Canada lowered 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. Truist Financial lowered their price target 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. Robert W. Baird lowered 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 lowered their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, Barclays lowered 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. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.83.

Americold Realty Trust Price Performance

COLD traded up $0.3580 on Friday, reaching $14.7780. The company had a trading volume of 1,729,786 shares, compared to its average volume of 2,921,985. The business has a 50 day simple moving average of $16.13 and a 200 day simple moving average of $18.57. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -77.82, a P/E/G ratio of 4.50 and a beta of 0.81. 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 Inc. has a 52-week low of $14.23 and a 52-week high of $29.79.

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 for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. As a group, sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

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.