Ieq Capital LLC Acquires Shares of 34,177 Americold Realty Trust Inc. $COLD

Key Points

• Ieq Capital LLC purchased 34,177 shares of Americold Realty Trust Inc. for approximately $734,000, marking a new stake in the company during the first quarter.
• The stock price of Americold Realty Trust is currently down 2.3%, with a recent opening price of $14.11 and a market capitalization of $4.02 billion.
• Research analysts have adjusted their price targets for Americold Realty Trust, with estimates ranging from $15.00 to $23.00 and many rating the stock as a "Moderate Buy."

Ieq Capital LLC purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,177 shares of the company's stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COLD. GKV Capital Management Co. Inc. bought a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $36,000. Parallel Advisors LLC lifted its position in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the last quarter. Assetmark Inc. lifted its holdings in Americold Realty Trust by 64.2% during 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. Avalon Trust Co purchased a new stake in Americold Realty Trust during the 1st quarter worth about $49,000. Finally, Spire Wealth Management purchased a new stake in shares of Americold Realty Trust in the 1st quarter valued at about $52,000. Institutional investors own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

COLD has been the topic of several recent research reports. KeyCorp reduced their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Truist Financial lowered their price objective on Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Wells Fargo & Company reduced their target price on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Robert W. Baird cut their price target on Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Finally, Scotiabank dropped their price objective on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.09.

Americold Realty Trust Stock Up 0.2%

Shares of COLD traded up $0.02 during midday trading on Friday, hitting $13.95. 5,685,462 shares of the company's stock traded hands, compared to its average volume of 4,280,112. Americold Realty Trust Inc. has a 1 year low of $13.73 and a 1 year high of $29.58. The firm's fifty day moving average is $15.61 and its 200-day moving average is $18.01. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -73.44, a price-to-earnings-growth ratio of 4.32 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued 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. The firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. As a group, sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

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 paid a $0.23 dividend. The ex-dividend date 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 (DPR) is -484.21%.

About Americold Realty Trust

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.