New Age Alpha Advisors LLC Makes New $867,000 Investment in Americold Realty Trust, Inc. (NYSE:COLD)

New Age Alpha Advisors LLC purchased a new stake in Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 40,499 shares of the company’s stock, valued at approximately $867,000.

Several other hedge funds also recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its stake in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the period. Vestcor Inc purchased a new position in Americold Realty Trust during the fourth quarter valued at approximately $86,000. EverSource Wealth Advisors LLC increased its holdings in Americold Realty Trust by 3,946.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock worth $126,000 after acquiring an additional 5,723 shares during the period. Point72 DIFC Ltd lifted its stake in Americold Realty Trust by 405.7% in the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock worth $204,000 after purchasing an additional 5,797 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new position in Americold Realty Trust in the 3rd quarter valued at $218,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Truist Financial lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Raymond James lowered their price target on 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. Finally, 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 report on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.82.

Americold Realty Trust Stock Performance

Shares of COLD opened at $21.49 on Tuesday. The company has a market cap of $6.11 billion, a price-to-earnings ratio of -63.19, a P/E/G ratio of 1.66 and a beta of 0.57. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45. The business’s fifty day simple moving average is $21.85 and its two-hundred day simple moving average is $23.43.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.28%. Americold Realty Trust’s payout ratio is -270.59%.

About Americold Realty Trust

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.