Knights of Columbus Asset Advisors LLC Sells 64,090 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Knights of Columbus Asset Advisors LLC lowered its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,494 shares of the company’s stock after selling 64,090 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Americold Realty Trust were worth $2,686,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its position in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after buying an additional 2,033 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust in the 3rd quarter worth about $55,000. Vestcor Inc bought a new position in Americold Realty Trust in the 4th quarter worth about $86,000. EverSource Wealth Advisors LLC raised its holdings in shares of Americold Realty Trust by 3,946.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock valued at $126,000 after acquiring an additional 5,723 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Americold Realty Trust by 100.6% during the 4th quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock valued at $167,000 after acquiring an additional 3,903 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on COLD. Raymond James lowered 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 note on Wednesday, December 11th. Scotiabank raised their price objective on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday, March 10th. Citigroup dropped their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.29 on Friday. The company has a market capitalization of $6.05 billion, a P/E ratio of -62.60, a PEG ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a fifty-two week low of $20.41 and a fifty-two 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 50 day moving average price of $21.79 and a two-hundred day moving average price of $23.79.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million during 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%. Analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.32%. Americold Realty Trust’s dividend payout ratio (DPR) 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.