GC Wealth Management RIA LLC Makes New $224,000 Investment in Americold Realty Trust, Inc. (NYSE:COLD)

GC Wealth Management RIA LLC purchased a new position in Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, Holdings Channel reports. The firm purchased 10,448 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust in the third quarter worth $55,000. Venturi Wealth Management LLC increased 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 purchasing an additional 2,033 shares during the period. Point72 DIFC Ltd increased its position in shares of Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock worth $204,000 after purchasing an additional 5,797 shares during the period. Finally, KBC Group NV increased its position in shares of Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after purchasing an additional 845 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.29 on Wednesday. The business’s 50-day moving average price is $21.75 and its 200-day moving average price is $24.23. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -62.61, a PEG 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 (NYSE:COLD) last announced 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Equities research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial decreased 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. Barclays decreased their price target 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. Citigroup reduced their price objective on 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. Raymond James reduced their price objective on 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. Finally, Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

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.