30,665 Shares in Americold Realty Trust Inc. $COLD Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,665 shares of the company’s stock, valued at approximately $510,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust during the 1st quarter worth approximately $36,000. Parallel Advisors LLC boosted its stake in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares during the last quarter. Assetmark Inc. boosted its stake 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 acquiring an additional 826 shares during the last quarter. Avalon Trust Co bought a new position in Americold Realty Trust during the 1st quarter worth approximately $49,000. Finally, Spire Wealth Management bought a new position in Americold Realty Trust during the 1st quarter worth approximately $52,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

NYSE COLD opened at $13.80 on Monday. 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 12-month low of $13.10 and a 12-month high of $29.50. The company has a market capitalization of $3.93 billion, a PE ratio of -72.63, a price-to-earnings-growth ratio of 4.32 and a beta of 0.85. The firm’s 50 day moving average is $15.28 and its 200-day moving average is $17.67.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data 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. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.7%. Americold Realty Trust’s dividend payout ratio (DPR) is -484.21%.

Analyst Upgrades and Downgrades

Several brokerages have commented on COLD. KeyCorp dropped their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, July 1st. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Scotiabank dropped their target price on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Zacks Research downgraded shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Finally, Wells Fargo & Company dropped their target price on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Hold” and a consensus price target of $20.00.

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.