Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 55.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,078 shares of the company’s stock after selling 8,668 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Americold Realty Trust were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COLD. GAMMA Investing LLC lifted its stake 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. lifted its stake in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Americold Realty Trust in the second quarter valued at about $85,000. Signaturefd LLC raised its position in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Americold Realty Trust during the second quarter worth about $204,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COLD shares. Barclays lifted their target price 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. Wells Fargo & Company lifted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI lifted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank lifted 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. Finally, Truist Financial lifted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $25.91 on Thursday. The company has a market cap of $7.36 billion, a PE ratio of -22.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Americold Realty Trust, Inc. has a 12 month low of $21.87 and a 12 month high of $30.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a 50-day simple moving average of $28.01 and a 200-day simple moving average of $26.76.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Americold Realty Trust’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. Americold Realty Trust’s payout ratio is -75.21%.

Americold Realty Trust 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.