Fulton Bank N.A. Sells 100,446 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Fulton Bank N.A. cut its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 80.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,249 shares of the company’s stock after selling 100,446 shares during the period. Fulton Bank N.A.’s holdings in Americold Realty Trust were worth $686,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Nebula Research & Development LLC raised its position in Americold Realty Trust by 352.6% during the 4th quarter. Nebula Research & Development LLC now owns 52,690 shares of the company’s stock valued at $1,595,000 after purchasing an additional 41,048 shares in the last quarter. Garner Asset Management Corp raised its holdings in shares of Americold Realty Trust by 17.7% in the fourth quarter. Garner Asset Management Corp now owns 27,270 shares of the company’s stock valued at $755,000 after acquiring an additional 4,108 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Americold Realty Trust in the fourth quarter valued at about $1,187,000. GRS Advisors LLC lifted its stake in Americold Realty Trust by 103.8% in the fourth quarter. GRS Advisors LLC now owns 1,793,009 shares of the company’s stock worth $54,274,000 after acquiring an additional 913,163 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Americold Realty Trust by 61.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,020,747 shares of the company’s stock worth $61,168,000 after acquiring an additional 767,264 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 1.2 %

Americold Realty Trust stock opened at $26.85 on Wednesday. The stock has a 50-day moving average of $28.77 and a two-hundred day moving average of $26.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $30.92. The stock has a market cap of $7.63 billion, a PE ratio of -22.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, research analysts anticipate that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Wall Street Analyst Weigh In

A number of research firms have commented on COLD. Truist Financial raised their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Scotiabank boosted their price objective 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 increased their target price on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Robert W. Baird lifted their price target on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, 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 note on Wednesday, June 26th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Americold Realty Trust Company 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.