Quantinno Capital Management LP Has $5.84 Million Stock Position in Americold Realty Trust Inc. $COLD

Quantinno Capital Management LP increased its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 509,391 shares of the company’s stock after acquiring an additional 39,100 shares during the quarter. Quantinno Capital Management LP owned about 0.18% of Americold Realty Trust worth $5,838,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Americold Realty Trust by 51.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after acquiring an additional 942 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Americold Realty Trust by 8.0% in the 3rd quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock worth $165,000 after acquiring an additional 1,001 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Americold Realty Trust by 9.2% in the 4th quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock worth $177,000 after acquiring an additional 1,164 shares during the period. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Stock Down 1.2%

Shares of NYSE COLD opened at $14.01 on Thursday. The stock has a market cap of $4.00 billion, a PE ratio of -35.91 and a beta of 0.97. The business has a fifty day moving average of $15.03 and a two-hundred day moving average of $13.53. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $16.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.11 and a current ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to analyst estimates of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -235.90%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COLD. Scotiabank set a $15.00 target price on Americold Realty Trust in a research report on Friday, July 24th. UBS Group lifted their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Americold Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Piper Sandler raised their price target on shares of Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.25.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.