HighTower Advisors LLC Lowers Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

HighTower Advisors LLC decreased its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,574 shares of the company’s stock after selling 895 shares during the quarter. HighTower Advisors LLC’s holdings in Americold Realty Trust were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Venturi Wealth Management LLC grew its position in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Americold Realty Trust by 100.6% in the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock valued at $167,000 after acquiring an additional 3,903 shares in the last quarter. Point72 DIFC Ltd raised its holdings in Americold Realty Trust by 405.7% during the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock worth $204,000 after purchasing an additional 5,797 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in Americold Realty Trust in the third quarter valued at about $218,000. Finally, GC Wealth Management RIA LLC acquired a new stake in Americold Realty Trust in the fourth quarter valued at about $224,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COLD shares. Raymond James reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Scotiabank boosted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Truist Financial reduced their price target 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. Finally, Citigroup decreased their target price on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $28.82.

Americold Realty Trust Price Performance

NYSE COLD opened at $21.49 on Tuesday. The company has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $23.43. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of -63.19, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 4.28%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio is presently -270.59%.

Americold Realty Trust 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.