EverSource Wealth Advisors LLC Grows Stake in Americold Realty Trust, Inc. (NYSE:COLD)

EverSource Wealth Advisors LLC lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 3,946.9% in the 4th quarter, HoldingsChannel reports. The firm owned 5,868 shares of the company’s stock after buying an additional 5,723 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Americold Realty Trust were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Moors & Cabot Inc. boosted its holdings in Americold Realty Trust by 11.7% in the 4th quarter. Moors & Cabot Inc. now owns 20,150 shares of the company’s stock worth $431,000 after buying an additional 2,110 shares during the period. AGF Management Ltd. purchased a new stake in Americold Realty Trust in the 4th quarter worth approximately $2,326,000. GC Wealth Management RIA LLC bought a new position in Americold Realty Trust in the 4th quarter valued at $224,000. Johnson Investment Counsel Inc. purchased a new position in shares of Americold Realty Trust during the 4th quarter valued at $2,011,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Americold Realty Trust by 30.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 220,059 shares of the company’s stock worth $4,709,000 after purchasing an additional 51,002 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 10th. Citigroup dropped their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Raymond James cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial lowered their price target 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. Finally, Barclays cut their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Three equities research 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 an average rating of “Moderate Buy” and a consensus target price of $29.25.

Americold Realty Trust Stock Up 2.7 %

Americold Realty Trust stock opened at $21.96 on Tuesday. The business’s 50-day moving average price is $21.73 and its 200 day moving average price is $24.00. 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 firm has a market cap of $6.25 billion, a price-to-earnings ratio of -64.60, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.19%. Americold Realty Trust’s payout ratio is -258.82%.

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.