Global Alpha Capital Management Ltd. Purchases 15,779 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Global Alpha Capital Management Ltd. raised its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,318 shares of the company’s stock after acquiring an additional 15,779 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Americold Realty Trust were worth $3,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in COLD. Vanguard Group Inc. boosted its stake in shares of Americold Realty Trust by 2.9% in the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock valued at $982,509,000 after buying an additional 1,095,116 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $1,401,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Americold Realty Trust by 11.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 379,571 shares of the company’s stock valued at $9,455,000 after buying an additional 39,066 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $1,456,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Americold Realty Trust by 24.0% in the first quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock valued at $27,053,000 after buying an additional 209,942 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on COLD. Barclays cut their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday. Evercore ISI boosted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Truist Financial boosted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada lowered 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 report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Stock Up 1.8 %

Shares of NYSE:COLD opened at $22.15 on Wednesday. The company has a fifty day moving average of $26.38 and a 200-day moving average of $26.87. The company has a market capitalization of $6.30 billion, a PE ratio of -21.93, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a 52-week low of $21.53 and a 52-week high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. On average, equities analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.22 per share. 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 currently -87.13%.

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.