New Age Alpha Advisors LLC Acquires New Stake in Americold Realty Trust, Inc. (NYSE:COLD)

New Age Alpha Advisors LLC bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 40,499 shares of the company's stock, valued at approximately $867,000.

Several other institutional investors have also modified their holdings of the business. Venturi Wealth Management LLC lifted its stake in Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after purchasing an additional 2,033 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Americold Realty Trust in the 4th quarter valued at about $86,000. EverSource Wealth Advisors LLC boosted its position in shares of Americold Realty Trust by 3,946.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company's stock valued at $126,000 after purchasing an additional 5,723 shares during the period. Blue Trust Inc. boosted its position in shares of Americold Realty Trust by 100.6% in the 4th quarter. Blue Trust Inc. now owns 7,783 shares of the company's stock valued at $167,000 after purchasing an additional 3,903 shares during the period. Finally, Point72 DIFC Ltd grew its stake in Americold Realty Trust by 405.7% during the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company's stock worth $204,000 after buying an additional 5,797 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analyst Weigh In

COLD has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Raymond James dropped their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Finally, Scotiabank raised their price target on Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.82.

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Americold Realty Trust Stock Performance

Shares of NYSE COLD traded down $1.03 during midday trading on Friday, hitting $19.37. The company's stock had a trading volume of 5,810,893 shares, compared to its average volume of 2,157,049. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a 1-year low of $18.83 and a 1-year high of $30.45. The firm's fifty day moving average price is $21.75 and its 200-day moving average price is $23.28. The firm has a market cap of $5.51 billion, a P/E ratio of -56.95, a P/E/G ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million for the quarter, compared to analysts' expectations of $684.03 million. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.75%. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. Americold Realty Trust's dividend payout ratio (DPR) is presently -270.59%.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio.