abrdn plc increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,562 shares of the company’s stock after purchasing an additional 3,102 shares during the quarter. abrdn plc’s holdings in Americold Realty Trust were worth $1,662,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaCrest Capital Management LLC acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth about $745,000. Advisor Group Holdings Inc. lifted its holdings in shares of Americold Realty Trust by 10.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 58,430 shares of the company’s stock worth $1,917,000 after purchasing an additional 5,468 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth about $306,000. Rhumbline Advisers lifted its holdings in shares of Americold Realty Trust by 5.3% during the fourth quarter. Rhumbline Advisers now owns 295,201 shares of the company’s stock worth $9,680,000 after purchasing an additional 14,850 shares during the period. Finally, Focused Wealth Management Inc acquired a new stake in shares of Americold Realty Trust during the first quarter worth about $72,000.
Analyst Ratings Changes
A number of brokerages have issued reports on COLD. Robert W. Baird boosted their price target on Americold Realty Trust from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, July 7th. Barclays boosted their price target on Americold Realty Trust from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, June 14th. Bank of America upgraded Americold Realty Trust from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $28.00 to $30.00 in a research report on Thursday, June 2nd. Truist Financial cut their price objective on Americold Realty Trust from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, May 31st. Finally, Evercore ISI set a $31.00 price objective on Americold Realty Trust in a research report on Monday, June 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.40.
Americold Realty Trust Stock Down 0.2 %
Americold Realty Trust (NYSE:COLD – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $705.70 million during the quarter, compared to analysts’ expectations of $686.89 million. Americold Realty Trust had a negative return on equity of 0.84% and a negative net margin of 1.20%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Equities research analysts forecast that Americold Realty Trust, Inc. will post 0.93 earnings per share for the current fiscal year.
Americold Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Wednesday, June 29th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -733.33%.
About Americold Realty Trust
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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