Adelante Capital Management LLC Increases Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Adelante Capital Management LLC raised its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 134.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,651 shares of the company's stock after purchasing an additional 34,807 shares during the quarter. Adelante Capital Management LLC's holdings in Americold Realty Trust were worth $1,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its stake in shares of Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company's stock valued at $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC boosted 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 purchasing an additional 735 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $55,000. Blue Trust Inc. raised its stake in shares of 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. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Americold Realty Trust in the 2nd quarter worth $85,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research reports. Robert W. Baird decreased their target price on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Evercore ISI upped their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Scotiabank raised their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Wells Fargo & Company upped their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Finally, Truist Financial raised their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.55.

Americold Realty Trust Trading Down 0.7 %

NYSE COLD traded down $0.18 during trading hours on Friday, reaching $23.86. The company had a trading volume of 1,457,228 shares, compared to its average volume of 2,465,614. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.78 billion, a P/E ratio of -23.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. The stock has a 50-day moving average of $25.56 and a 200 day moving average of $26.86. Americold Realty Trust, Inc. has a 1-year low of $21.53 and a 1-year high of $30.92.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million for the quarter, compared to analysts' expectations of $663.87 million. During the same quarter last year, the business earned $0.32 earnings per share. The business's revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust's payout ratio is currently -87.13%.

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.