Pallas Capital Advisors LLC Takes $404,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

Pallas Capital Advisors LLC acquired a new stake in Americold Realty Trust, Inc. (NYSE:COLD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,801 shares of the company’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at about $677,077,000. Principal Financial Group Inc. grew its holdings in Americold Realty Trust by 36,753.5% in the fourth quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock valued at $236,676,000 after purchasing an additional 7,797,617 shares during the last quarter. PGGM Investments acquired a new position in shares of Americold Realty Trust during the 2nd quarter worth $114,436,000. Long Pond Capital LP acquired a new position in shares of Americold Realty Trust during the 1st quarter worth $106,206,000. Finally, V3 Capital Management L.P. increased its holdings in Americold Realty Trust by 181.5% during the 1st quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock valued at $64,941,000 after acquiring an additional 1,680,275 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on COLD shares. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Wednesday, June 26th. Robert W. Baird increased their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Monday, July 1st. Barclays lowered their target price on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Finally, Wells Fargo & Company started coverage on shares of Americold Realty Trust in a research note on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.45.

Americold Realty Trust Stock Performance

COLD traded down $0.11 during trading on Wednesday, reaching $28.57. 88,074 shares of the company were exchanged, compared to its average volume of 2,355,148. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock has a market cap of $8.12 billion, a P/E ratio of -24.51, a PEG ratio of 2.14 and a beta of 0.59. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $33.90. The firm has a 50 day moving average of $27.54 and a 200 day moving average of $25.97.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data 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). The business had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.35 EPS for the current fiscal year.

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.