Sanctuary Advisors LLC Grows Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Sanctuary Advisors LLC lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,619 shares of the company’s stock after acquiring an additional 4,105 shares during the quarter. Sanctuary Advisors LLC’s holdings in Americold Realty Trust were worth $498,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COLD. FMR LLC grew its stake in Americold Realty Trust by 40.8% in the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock worth $53,975,000 after buying an additional 1,109,528 shares during the period. NFJ Investment Group LLC purchased a new stake in shares of Americold Realty Trust in the 3rd quarter worth $7,320,000. Easterly Investment Partners LLC grew its position in shares of Americold Realty Trust by 174.6% during the 3rd quarter. Easterly Investment Partners LLC now owns 334,081 shares of the company’s stock worth $9,444,000 after buying an additional 212,426 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Americold Realty Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after buying an additional 165,667 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Citigroup lowered their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Robert W. Baird cut their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Scotiabank dropped their target price on 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Americold Realty Trust Price Performance

NYSE COLD opened at $22.91 on Friday. The firm’s fifty day simple moving average is $21.63 and its two-hundred day simple moving average is $24.55. The firm has a market capitalization of $6.51 billion, a P/E ratio of -67.38, a P/E/G ratio of 1.66 and a beta of 0.61. 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 12-month low of $20.41 and a 12-month high of $30.45.

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 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 firm had revenue of $666.44 million during 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 fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. Americold Realty Trust’s payout ratio is -258.82%.

Americold Realty Trust Company 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.