Van ECK Associates Corp Acquires 5,025 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Van ECK Associates Corp boosted its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 10.2% in the fourth quarter, HoldingsChannel reports. The firm owned 54,226 shares of the company’s stock after purchasing an additional 5,025 shares during the period. Van ECK Associates Corp’s holdings in Americold Realty Trust were worth $1,160,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in Americold Realty Trust by 17.3% in the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after acquiring an additional 700 shares in the last quarter. KBC Group NV increased its holdings in shares of Americold Realty Trust by 12.8% during the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after acquiring an additional 845 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Americold Realty Trust by 1.8% during the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after acquiring an additional 882 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 883 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Americold Realty Trust Stock Down 1.0 %

COLD stock opened at $22.09 on Friday. The stock’s fifty day simple moving average is $21.55 and its two-hundred day simple moving average is $24.78. 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. The stock has a market cap of $6.28 billion, a P/E ratio of -21.88, a P/E/G ratio of 1.57 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Analysts expect that Americold Realty Trust, Inc. will post 1.37 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 3.98%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on COLD shares. Truist Financial decreased 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. Raymond James decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Scotiabank decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a report on Tuesday, December 10th. Barclays decreased their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Robert W. Baird decreased their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

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.