Van ECK Associates Corp Buys 5,025 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Van ECK Associates Corp increased its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,226 shares of the company’s stock after purchasing an additional 5,025 shares during the period. Van ECK Associates Corp’s holdings in Americold Realty Trust were worth $1,160,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of Americold Realty Trust by 17.3% in the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares during the period. Moors & Cabot Inc. increased its position in shares of Americold Realty Trust by 4.0% in the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock worth $510,000 after purchasing an additional 700 shares during the period. KBC Group NV increased its position in shares of Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after purchasing an additional 845 shares during the period. MML Investors Services LLC increased its position in shares of Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after purchasing an additional 882 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Americold Realty Trust by 29.5% in the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after purchasing an additional 883 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on COLD shares. Barclays decreased their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Citigroup decreased their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Raymond James decreased their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Truist Financial decreased their target price on 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. Finally, Royal Bank of Canada decreased their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $22.09 on Friday. The business’s 50-day moving average price is $21.55 and its 200-day moving average price is $24.78. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of -21.88, a PEG ratio of 1.57 and a beta of 0.61. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. Equities research analysts forecast that Americold Realty Trust, Inc. will post 1.37 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Insider Buying and Selling

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Americold Realty Trust Company 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.