Garner Asset Management Corp Reduces Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Garner Asset Management Corp lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,793 shares of the company’s stock after selling 3,007 shares during the quarter. Garner Asset Management Corp’s holdings in Americold Realty Trust were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Algert Global LLC boosted its holdings in shares of Americold Realty Trust by 24.0% during the 3rd quarter. Algert Global LLC now owns 494,246 shares of the company’s stock valued at $13,972,000 after acquiring an additional 95,630 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Americold Realty Trust by 87.2% in the third quarter. Cerity Partners LLC now owns 54,873 shares of the company’s stock worth $1,551,000 after buying an additional 25,554 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after buying an additional 165,667 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Americold Realty Trust by 4.0% in the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock worth $510,000 after buying an additional 700 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in shares of Americold Realty Trust by 16.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 111,318 shares of the company’s stock worth $3,147,000 after buying an additional 15,779 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on COLD. Truist Financial raised their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Scotiabank raised their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Barclays dropped their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.55.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $23.09 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust, Inc. has a 1-year low of $21.53 and a 1-year high of $30.92. The company has a market capitalization of $6.56 billion, a P/E ratio of -22.86, a P/E/G ratio of 1.80 and a beta of 0.61. The firm’s 50 day simple moving average is $26.01 and its two-hundred day simple moving average is $26.82.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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 the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Research analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed 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. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s payout ratio 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.