Fifth Third Bancorp Acquires 16,511 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Fifth Third Bancorp raised its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 33.4% in the 4th quarter, HoldingsChannel reports. The firm owned 65,917 shares of the company’s stock after purchasing an additional 16,511 shares during the quarter. Fifth Third Bancorp’s holdings in Americold Realty Trust were worth $1,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of COLD. Capital Insight Partners LLC raised its holdings in shares of Americold Realty Trust by 4.0% in the third quarter. Capital Insight Partners LLC now owns 15,882 shares of the company’s stock valued at $449,000 after buying an additional 608 shares during the last quarter. Signaturefd LLC increased its position in Americold Realty Trust by 17.3% in the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after acquiring an additional 689 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Americold Realty Trust by 1.0% during the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after purchasing an additional 700 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on COLD. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Raymond James decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Truist Financial lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Scotiabank cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays lowered their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Stock Down 0.8 %

Shares of NYSE COLD opened at $22.17 on Wednesday. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market cap of $6.30 billion, a P/E ratio of -21.95, a P/E/G ratio of 1.60 and a beta of 0.61. The firm has a 50 day moving average price of $22.12 and a 200 day moving average price of $25.66.

Americold Realty Trust (NYSE:COLD) last announced 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). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. Americold Realty Trust’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Analysts expect that Americold Realty Trust, Inc. will post 1.37 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Insider Activity

In other news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

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.