Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC lessened its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,872 shares of the company’s stock after selling 4,070 shares during the quarter. Hilton Capital Management LLC’s holdings in Americold Realty Trust were worth $2,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 1832 Asset Management L.P. boosted its stake in shares of Americold Realty Trust by 9.2% in the first quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock valued at $10,922,000 after purchasing an additional 36,811 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Americold Realty Trust by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after acquiring an additional 123,776 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Americold Realty Trust during the first quarter worth $1,401,000. Tidal Investments LLC raised its stake in shares of Americold Realty Trust by 479.9% in the first quarter. Tidal Investments LLC now owns 90,374 shares of the company’s stock valued at $2,252,000 after acquiring an additional 74,790 shares in the last quarter. Finally, PGGM Investments purchased a new position in Americold Realty Trust in the second quarter valued at $114,436,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

NYSE COLD opened at $22.15 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $26.38 and its 200 day moving average price is $26.87. Americold Realty Trust, Inc. has a 52-week low of $21.53 and a 52-week high of $30.92. The firm has a market cap of $6.30 billion, a P/E ratio of -21.93, a P/E/G ratio of 1.72 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million during 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%. Americold Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities research analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 3.97%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COLD. Robert W. Baird reduced their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Evercore ISI raised their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada lowered their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Barclays decreased 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 report on Monday. Two 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.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.