Park Avenue Securities LLC Increases Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Park Avenue Securities LLC lifted its stake in Americold Realty Trust, Inc. (NYSE:COLDFree Report) by 19.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,156 shares of the company’s stock after buying an additional 3,464 shares during the quarter. Park Avenue Securities LLC’s holdings in Americold Realty Trust were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Darlington Partners Capital Management LP lifted its position in shares of Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after buying an additional 1,183,571 shares in the last quarter. Long Pond Capital LP lifted its position in shares of Americold Realty Trust by 2.9% in the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock worth $112,001,000 after buying an additional 123,440 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Americold Realty Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after buying an additional 165,667 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Americold Realty Trust by 9.0% during the 2nd quarter. Millennium Management LLC now owns 3,590,968 shares of the company’s stock valued at $91,713,000 after buying an additional 297,326 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $21.84 on Friday. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of -21.62, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $25.80. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45.

Americold Realty Trust (NYSE:COLDGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts expect that Americold Realty Trust, Inc. will post 1.37 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s payout ratio is currently -87.13%.

Analysts Set New Price Targets

COLD has been the subject of several recent research reports. Scotiabank dropped their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Barclays dropped their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Robert W. Baird decreased their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, Truist Financial cut their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.17.

Read Our Latest Stock Analysis on COLD

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Americold Realty Trust Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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