Cbre Investment Management Listed Real Assets LLC Increases Holdings in Americold Realty Trust Inc. $COLD

Key Points

• Cbre Investment Management Listed Real Assets LLC has increased its stake in Americold Realty Trust Inc. by 14.8%, holding approximately 2.79 million shares worth $59.79 million at the end of the first quarter.
• A recent earnings report showed Americold Realty Trust achieved $0.36 EPS, surpassing analysts' expectations of $0.34, although its revenue declined 1.5% year-over-year.
• Analysts have adjusted their price targets for Americold Realty Trust, with the average target now at $21.83 and a consensus rating of "Moderate Buy."

Cbre Investment Management Listed Real Assets LLC grew its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,786,323 shares of the company's stock after purchasing an additional 358,694 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.98% of Americold Realty Trust worth $59,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Xponance Inc. increased its holdings in shares of Americold Realty Trust by 4.5% in the 1st quarter. Xponance Inc. now owns 13,561 shares of the company's stock worth $291,000 after purchasing an additional 581 shares in the last quarter. Janney Capital Management LLC increased its holdings in shares of Americold Realty Trust by 5.5% in the 1st quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock worth $256,000 after purchasing an additional 618 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Americold Realty Trust by 16.9% in the 1st quarter. Signaturefd LLC now owns 4,431 shares of the company's stock worth $95,000 after purchasing an additional 640 shares in the last quarter. Capital Insight Partners LLC increased its holdings in shares of Americold Realty Trust by 4.0% in the 1st quarter. Capital Insight Partners LLC now owns 17,706 shares of the company's stock worth $380,000 after purchasing an additional 684 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on COLD shares. BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Thursday, June 12th. Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial cut their price objective on Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Barclays cut their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Finally, Royal Bank Of Canada cut their price objective on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, August 18th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $20.45.

Americold Realty Trust Stock Performance

NYSE COLD traded down $0.38 on Thursday, hitting $14.53. 1,468,160 shares of the company traded hands, compared to its average volume of 2,980,623. The business's 50 day moving average price is $15.99 and its 200-day moving average price is $18.38. Americold Realty Trust Inc. has a 52-week low of $14.23 and a 52-week high of $29.58. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of -76.36, a P/E/G ratio of 4.58 and a beta of 0.81. 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 (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating 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 the consensus estimate of $644.95 million. During the same period in the previous year, the business earned $0.38 earnings per share. The business's revenue was down 1.5% on a year-over-year basis. Equities analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share 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.