Janney Montgomery Scott LLC Acquires Shares of 32,799 Americold Realty Trust, Inc. (NYSE:COLD)

Janney Montgomery Scott LLC bought a new position in Americold Realty Trust, Inc. (NYSE:COLDFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 32,799 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC increased its stake in Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after acquiring an additional 3,844,603 shares during the last quarter. NFJ Investment Group LLC bought a new position in shares of Americold Realty Trust during the 3rd quarter valued at approximately $7,320,000. Easterly Investment Partners LLC raised its holdings in Americold Realty Trust by 174.6% during the 3rd quarter. Easterly Investment Partners LLC now owns 334,081 shares of the company’s stock valued at $9,444,000 after buying an additional 212,426 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after buying an additional 165,667 shares during the last quarter. Finally, Presima Securities ULC purchased a new position in Americold Realty Trust during the third quarter worth $3,589,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $21.72 on Friday. The company has a market cap of $6.17 billion, a P/E ratio of -21.50, a PEG ratio of 1.63 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s 50-day moving average is $21.88 and its 200 day moving average is $25.38. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45.

Americold Realty Trust (NYSE:COLDGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Research analysts predict that Americold Realty Trust, Inc. will post 1.37 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in 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. Scotiabank reduced their price objective 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. Raymond James dropped their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Barclays reduced their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Finally, Truist Financial dropped their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.17.

View Our Latest Stock Report on Americold Realty Trust

Insider Buying and Selling at Americold Realty Trust

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

Americold Realty Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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