Lighthouse Investment Partners LLC Purchases New Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Lighthouse Investment Partners LLC bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 425,000 shares of the company’s stock, valued at approximately $9,095,000. Lighthouse Investment Partners LLC owned 0.15% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of COLD. Norges Bank acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $478,674,000. Cohen & Steers Inc. raised its holdings in shares of Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after purchasing an additional 4,049,374 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the period. Invesco Ltd. raised its holdings in shares of Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock worth $68,761,000 after purchasing an additional 2,304,867 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after purchasing an additional 1,678,949 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

Shares of COLD opened at $17.18 on Monday. Americold Realty Trust, Inc. has a 52-week low of $16.56 and a 52-week high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.89 billion, a PE ratio of -50.53, a P/E/G ratio of 1.66 and a beta of 0.95. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $21.67.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same period in the previous year, the company posted $0.37 earnings per share. Americold Realty Trust’s revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.36%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 28th. Americold Realty Trust’s dividend payout ratio is presently -270.59%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup dropped their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Finally, Scotiabank lowered their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.