Cambiar Investors LLC Has $13.03 Million Position in Americold Realty Trust, Inc. (NYSE:COLD)

Cambiar Investors LLC lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 460,816 shares of the company’s stock after buying an additional 6,175 shares during the quarter. Cambiar Investors LLC’s holdings in Americold Realty Trust were worth $13,027,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Americold Realty Trust by 189.9% during the third 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. Blue Trust Inc. grew its holdings in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after buying an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Americold Realty Trust during the 2nd quarter worth $85,000. Signaturefd LLC boosted its position in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Americold Realty Trust in the second quarter valued at about $204,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $25.39 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.21 billion, a PE ratio of -25.14, a P/E/G ratio of 1.71 and a beta of 0.60. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $30.92. The business’s 50-day moving average price is $27.89 and its two-hundred day moving average price is $26.75.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. As a group, analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

Analyst Upgrades and Downgrades

COLD has been the subject of several analyst reports. Evercore ISI lifted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Scotiabank increased their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Truist Financial lifted their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Barclays raised their price target on Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $31.18.

About Americold Realty Trust

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.