US Bancorp DE Raises Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

US Bancorp DE increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,319 shares of the company’s stock after purchasing an additional 1,783 shares during the quarter. US Bancorp DE’s holdings in Americold Realty Trust were worth $2,610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Insight Partners LLC lifted its stake in shares of Americold Realty Trust by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after purchasing an additional 380 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Americold Realty Trust by 2.3% during the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after purchasing an additional 390 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Americold Realty Trust by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Americold Realty Trust by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of analyst reports. Scotiabank upped their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company upped their target price on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Robert W. Baird upped their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Barclays upped their target price on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $31.18.

Americold Realty Trust Stock Up 1.5 %

Shares of COLD stock opened at $26.20 on Wednesday. The stock’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $26.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $7.44 billion, a PE ratio of -25.94, a P/E/G ratio of 1.68 and a beta of 0.61. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Equities analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Americold Realty Trust Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.