HighTower Advisors LLC Has $549,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

HighTower Advisors LLC increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 102.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,469 shares of the company’s stock after buying an additional 9,853 shares during the quarter. HighTower Advisors LLC’s holdings in Americold Realty Trust were worth $549,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Assetmark Inc. grew its holdings in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after buying an additional 735 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust during the third quarter worth about $55,000. Blue Trust Inc. boosted its holdings in shares of Americold Realty Trust by 29.5% in the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock valued at $110,000 after buying an additional 883 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COLD. Robert W. Baird reduced their price target on 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. Wells Fargo & Company lifted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI lifted their price target 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. Citigroup dropped their target price 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. Finally, Truist Financial decreased their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.17.

Insider Activity

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 stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Americold Realty Trust Price Performance

COLD opened at $21.48 on Friday. Americold Realty Trust, Inc. has a twelve month low of $21.01 and a twelve month high of $30.59. The firm has a 50-day moving average price of $24.00 and a 200-day moving average price of $26.54. 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 company has a market capitalization of $6.11 billion, a price-to-earnings ratio of -21.27, a PEG ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. Americold Realty Trust’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Equities analysts expect that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.10%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Americold Realty Trust Company 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.