Hilton Capital Management LLC Trims Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Hilton Capital Management LLC trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 4.8% in the third quarter, HoldingsChannel reports. The firm owned 79,872 shares of the company’s stock after selling 4,070 shares during the period. Hilton Capital Management LLC’s holdings in Americold Realty Trust were worth $2,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Americold Realty Trust by 2.9% during the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after buying an additional 1,095,116 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Americold Realty Trust in the 1st quarter valued at about $1,401,000. CANADA LIFE ASSURANCE Co raised its stake in Americold Realty Trust by 11.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 379,571 shares of the company’s stock valued at $9,455,000 after purchasing an additional 39,066 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Americold Realty Trust in the 1st quarter valued at about $1,456,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Americold Realty Trust by 24.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock worth $27,053,000 after purchasing an additional 209,942 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 1.8 %

NYSE:COLD opened at $22.15 on Wednesday. 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 one year low of $21.53 and a one year high of $30.92. The business’s 50-day simple moving average is $26.38 and its 200 day simple moving average is $26.87. The stock has a market cap of $6.30 billion, a price-to-earnings 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.97%. Americold Realty Trust’s payout ratio is -87.13%.

Analyst Ratings Changes

COLD has been the topic of several recent analyst reports. Scotiabank upped their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Robert W. Baird cut 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. Wells Fargo & Company increased their price target 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. Barclays lowered 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 note on Monday. Finally, Royal Bank of Canada dropped their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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.