Amalgamated Bank Has $425,000 Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Amalgamated Bank reduced its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,034 shares of the company’s stock after selling 755 shares during the quarter. Amalgamated Bank’s holdings in Americold Realty Trust were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. raised its holdings in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Americold Realty Trust during the 2nd quarter worth $85,000. Signaturefd LLC boosted its holdings in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Americold Realty Trust in the second quarter valued at about $204,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Robert W. Baird reduced their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Scotiabank boosted their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Royal Bank of Canada cut their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Barclays raised their price target on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.73.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $21.82 on Friday. The firm has a market capitalization of $6.20 billion, a PE ratio of -21.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 12-month low of $21.53 and a 12-month high of $30.92. The firm has a 50-day moving average price of $26.67 and a 200 day moving average price of $26.85.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Research analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th 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 Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

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.