Nuveen LLC Acquires New Position in Americold Realty Trust Inc. $COLD

Key Points

• Nuveen LLC has acquired 1,572,743 shares of Americold Realty Trust Inc., valued at approximately $33.75 million, representing about 0.55% of the company's total shares.
• Wall Street analysts have mixed opinions on Americold Realty Trust, with ratings ranging from "hold" to "buy", and a consensus price target of $23.58 per share.
• Americold Realty Trust reported an earnings per share (EPS) of $0.36 for the last quarter, which surpassed the consensus estimate and showed a slight revenue decline of 1.5% year-over-year.

Nuveen LLC purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,572,743 shares of the company's stock, valued at approximately $33,751,000. Nuveen LLC owned about 0.55% of Americold Realty Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COLD. Massachusetts Financial Services Co. MA grew its holdings in shares of Americold Realty Trust by 649.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock valued at $89,247,000 after buying an additional 3,603,716 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after buying an additional 3,427,083 shares in the last quarter. Lasalle Investment Management Securities LLC grew its position in Americold Realty Trust by 85.6% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company's stock worth $76,752,000 after acquiring an additional 1,654,650 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $33,013,000. Finally, Private Management Group Inc. acquired a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $27,860,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Down 0.3%

NYSE:COLD traded down $0.0450 on Thursday, hitting $14.5150. The stock had a trading volume of 244,606 shares, compared to its average volume of 2,909,307. The company has a market cap of $4.13 billion, a PE ratio of -76.24, a P/E/G ratio of 4.55 and a beta of 0.81. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a 52 week low of $14.23 and a 52 week high of $29.79. The business's fifty day moving average is $16.19 and its 200 day moving average is $18.62.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $650.75 million during the quarter, compared to the consensus estimate 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 company's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities research analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COLD shares. Robert W. Baird cut 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 research report on Wednesday, August 13th. Royal Bank Of Canada cut their target price on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday. Wells Fargo & Company reduced their target price on 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. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a report on Thursday, May 15th. Finally, BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.67.

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.