State of Alaska Department of Revenue Has $2.93 Million Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

State of Alaska Department of Revenue lifted its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,072 shares of the company’s stock after purchasing an additional 1,339 shares during the period. State of Alaska Department of Revenue’s holdings in Americold Realty Trust were worth $2,932,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of 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 buying an additional 3,844,603 shares during the last quarter. NFJ Investment Group LLC bought a new position in Americold Realty Trust in the 3rd quarter worth $7,320,000. Easterly Investment Partners LLC lifted its position in 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 acquiring an additional 212,426 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 165,667 shares during the period. Finally, Presima Securities ULC acquired a new stake in shares of Americold Realty Trust in the third quarter valued at about $3,589,000. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COLD. Scotiabank cut their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Truist Financial reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Citigroup decreased their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Finally, Robert W. Baird dropped 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $21.72 on Monday. The firm’s 50 day moving average price is $21.84 and its two-hundred day moving average price is $25.28. The stock has a market cap of $6.17 billion, a PE ratio of -21.50, a PEG ratio of 1.64 and a beta of 0.61. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. 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 (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period last year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts forecast that Americold Realty Trust, Inc. will post 1.37 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Insider Buying and Selling

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by company insiders.

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.