258,925 Shares in Americold Realty Trust, Inc. (NYSE:COLD) Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 258,925 shares of the company’s stock, valued at approximately $7,320,000.

Several other institutional investors and hedge funds have also bought and sold shares of COLD. Assetmark Inc. lifted its position in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares during the last quarter. GAMMA Investing LLC increased its holdings in Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust in the 3rd quarter valued at about $55,000. Blue Trust Inc. lifted its holdings in Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares during the period. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $23.10 on Wednesday. The business has a 50-day simple moving average of $25.33 and a 200 day simple moving average of $26.85. Americold Realty Trust, Inc. has a 52 week low of $21.53 and a 52 week high of $30.92. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of -22.87, a PEG ratio of 1.85 and a beta of 0.59. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts forecast that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COLD. Scotiabank boosted their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Barclays lowered their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Evercore ISI raised their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada reduced their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, Truist Financial increased their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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.