Renaissance Technologies LLC Boosts Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Renaissance Technologies LLC grew its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 26.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 745,500 shares of the company's stock after buying an additional 157,200 shares during the period. Renaissance Technologies LLC owned approximately 0.26% of Americold Realty Trust worth $19,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company's stock worth $75,000 after buying an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Americold Realty Trust during the second quarter worth $85,000. Signaturefd LLC lifted its position in Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company's stock valued at $102,000 after acquiring an additional 740 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Americold Realty Trust in the 2nd quarter worth $204,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Americold Realty Trust during the 4th quarter worth about $247,000. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COLD. Wells Fargo & Company upped their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Evercore ISI boosted their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Robert W. Baird raised their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upgraded Americold Realty Trust from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a research note on Wednesday, June 26th. Finally, Barclays dropped their price target on Americold Realty Trust from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.91.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.24 during mid-day trading on Friday, hitting $28.39. 2,772,366 shares of the stock traded hands, compared to its average volume of 2,264,044. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $32.34. The firm has a 50 day simple moving average of $28.96 and a two-hundred day simple moving average of $26.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $8.06 billion, a PE ratio of -24.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same quarter last year, the firm posted $0.28 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.35 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. Americold Realty Trust's payout ratio is presently -75.21%.

Americold Realty Trust Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.