Global Alpha Capital Management Ltd. Boosts Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Global Alpha Capital Management Ltd. raised its position in Americold Realty Trust, Inc. (NYSE:COLD) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,318 shares of the company’s stock after buying an additional 15,779 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Americold Realty Trust were worth $3,147,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC boosted its stake in Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares in the last quarter. Blue Trust Inc. boosted its stake in Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust in the second quarter worth approximately $85,000. Finally, Signaturefd LLC lifted its stake in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird decreased 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 report on Friday, November 8th. Truist Financial upped their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays reduced their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday. Royal Bank of Canada reduced their target price 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. Finally, Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $22.15 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a fifty day moving average price of $26.38 and a 200-day moving average price of $26.87. Americold Realty Trust, Inc. has a 1 year low of $21.53 and a 1 year high of $30.92. The stock has a market cap 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.

Americold Realty Trust (NYSE:COLD) last posted its quarterly 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 company had revenue of $674.17 million during 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%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Equities analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -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.