Cambiar Investors LLC Buys 82,783 Shares of Americold Realty Trust Inc. $COLD

Cambiar Investors LLC increased its stake in Americold Realty Trust Inc. (NYSE:COLD) by 21.7% in the second quarter, HoldingsChannel reports. The fund owned 464,180 shares of the company’s stock after purchasing an additional 82,783 shares during the period. Cambiar Investors LLC’s holdings in Americold Realty Trust were worth $7,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after purchasing an additional 1,495 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust during the 1st quarter valued at approximately $36,000. Whipplewood Advisors LLC raised its position in Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the last quarter. Assetmark Inc. raised its position in Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. Finally, Avalon Trust Co bought a new position in Americold Realty Trust during the 1st quarter valued at approximately $49,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 1.7%

Shares of NYSE:COLD opened at $12.91 on Friday. Americold Realty Trust Inc. has a 52-week low of $11.90 and a 52-week high of $26.42. The firm has a market capitalization of $3.68 billion, a P/E ratio of -67.92, a P/E/G ratio of 4.00 and a beta of 0.81. The stock has a 50 day moving average price of $13.44 and a 200-day moving average price of $15.77. 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 (NYSE:COLD) last announced its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -484.21%.

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Robert W. Baird lowered their price target on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th. UBS Group initiated coverage on Americold Realty Trust in a research report on Tuesday, October 14th. They set a “neutral” rating and a $14.00 price target for the company. Wells Fargo & Company lowered their price target on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Finally, KeyCorp lowered their price target on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and an average price target of $18.08.

Americold Realty Trust 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.