Rhumbline Advisers Has $7.14 Million Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Rhumbline Advisers increased its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 333,711 shares of the company’s stock after acquiring an additional 530 shares during the quarter. Rhumbline Advisers owned about 0.12% of Americold Realty Trust worth $7,141,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in COLD. Blue Trust Inc. grew its holdings in shares of Americold Realty Trust by 29.5% during the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after purchasing an additional 883 shares in the last quarter. Signaturefd LLC grew its stake in Americold Realty Trust by 17.3% during the third 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. International Assets Investment Management LLC bought a new position in Americold Realty Trust in the 3rd quarter valued at about $8,370,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Americold Realty Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,474 shares of the company’s stock valued at $300,000 after buying an additional 2,703 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Americold Realty Trust by 195.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,302 shares of the company’s stock valued at $772,000 after buying an additional 18,062 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COLD has been the topic of several analyst reports. 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. 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 on the stock in a research report on Wednesday, November 13th. Raymond James cut their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Truist Financial cut 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 report on Thursday, December 5th. Finally, Robert W. Baird reduced their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Buying and Selling 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 completion of the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $22.16 on Wednesday. The firm has a market capitalization 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. The firm’s 50-day moving average price is $21.55 and its 200-day moving average price is $24.62. 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 1-year low of $20.41 and a 1-year high of $30.45.

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, topping analysts’ consensus estimates 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 company had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. 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 is presently -258.82%.

About Americold Realty Trust

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.