Freestone Capital Holdings LLC Takes Position in Americold Realty Trust Inc. $COLD

Freestone Capital Holdings LLC bought a new position in Americold Realty Trust Inc. (NYSE:COLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 174,000 shares of the company’s stock, valued at approximately $2,894,000. Freestone Capital Holdings LLC owned 0.06% of Americold Realty Trust at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in 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 worth $89,247,000 after acquiring an additional 3,603,716 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Americold Realty Trust by 1,567.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock worth $63,541,000 after purchasing an additional 2,783,264 shares during the period. Nuveen LLC acquired a new stake in Americold Realty Trust during the 1st quarter worth approximately $33,751,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Americold Realty Trust in the first quarter valued at approximately $33,013,000. Finally, Private Management Group Inc. purchased a new position in Americold Realty Trust in the first quarter valued at approximately $27,860,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $12.89 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $13.38 and a two-hundred day moving average of $15.69. The stock has a market cap of $3.67 billion, a P/E ratio of -67.82, a PEG ratio of 4.00 and a beta of 0.81. Americold Realty Trust Inc. has a 1-year low of $11.90 and a 1-year high of $26.42.

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 analysts’ consensus estimates 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 business had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -484.21%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COLD shares. Royal Bank Of Canada decreased their price objective on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Scotiabank decreased their price target on shares of Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating for the company in a research report on Friday, September 5th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 price objective (down from $17.00) on shares of Americold Realty Trust in a research report on Tuesday, September 23rd. Wall Street Zen downgraded Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, Zacks Research lowered Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Seven investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.08.

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.