EverSource Wealth Advisors LLC Purchases 5,723 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

EverSource Wealth Advisors LLC raised its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 3,946.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Moors & Cabot Inc. grew its position in Americold Realty Trust by 11.7% in the fourth quarter. Moors & Cabot Inc. now owns 20,150 shares of the company’s stock valued at $431,000 after acquiring an additional 2,110 shares during the period. AGF Management Ltd. acquired a new stake in Americold Realty Trust during the 4th quarter valued at $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. acquired a new position in Americold Realty Trust in the fourth quarter worth $2,011,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Americold Realty Trust by 30.2% during 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 last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on COLD shares. Scotiabank upped their price target 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. Raymond James reduced their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Citigroup decreased their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Truist Financial dropped their price objective on shares of 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. Finally, Barclays decreased their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $21.96 on Tuesday. The business has a fifty day simple moving average of $21.73 and a 200 day simple moving average of $24.00. The company has a market cap of $6.25 billion, a P/E ratio of -64.60, a P/E/G ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s payout ratio is presently -258.82%.

Americold Realty Trust 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.