Venturi Wealth Management LLC Has $48,000 Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Venturi Wealth Management LLC boosted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1,081.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,221 shares of the company’s stock after buying an additional 2,033 shares during the period. Venturi Wealth Management LLC’s holdings in Americold Realty Trust were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Assetmark Inc. lifted its holdings in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares during the period. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust during the third quarter worth about $55,000. Blue Trust Inc. boosted its holdings in Americold Realty Trust by 29.5% during the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock valued at $110,000 after purchasing an additional 883 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Americold Realty Trust in the 3rd quarter valued at approximately $128,000. Finally, Signaturefd LLC raised its holdings in shares of Americold Realty Trust by 17.3% in the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after buying an additional 689 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Barclays reduced their price target on shares of 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. Royal Bank of Canada decreased their price target 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. Truist Financial lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, Scotiabank reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Price Performance

NYSE:COLD opened at $22.16 on Wednesday. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock’s 50-day simple moving average is $21.55 and its 200 day simple moving average is $24.62. The company has a market cap of $6.30 billion, a P/E ratio of -65.16, a P/E/G ratio of 1.66 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.27. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -258.82%.

Insider Activity at Americold Realty Trust

In related 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 sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate 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.