Americold Realty Trust Inc. $COLD Stock Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its stake in Americold Realty Trust Inc. (NYSE:COLD) by 499.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 827,999 shares of the company’s stock after buying an additional 689,796 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Americold Realty Trust were worth $11,575,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of COLD. BlackRock Inc. acquired a new stake in Americold Realty Trust during the second quarter worth $350,837,000. Ancora Advisors LLC acquired a new position in shares of Americold Realty Trust in the 2nd quarter valued at $163,962,000. Canada Pension Plan Investment Board purchased a new position in shares of Americold Realty Trust during the 2nd quarter worth $126,564,000. Bank of America Corp DE purchased a new position in shares of Americold Realty Trust during the 2nd quarter worth $48,141,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Americold Realty Trust during the 2nd quarter worth $45,227,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research analyst reports. DA Davidson set a $16.00 price objective on shares of Americold Realty Trust in a report on Tuesday, August 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a research note on Wednesday, November 4th. Evercore reiterated an “outperform” rating and set a $19.00 price target on shares of Americold Realty Trust in a research report on Friday, August 7th. UBS Group reduced their price target on shares of Americold Realty Trust from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. Finally, Piper Sandler decreased their price objective on shares of Americold Realty Trust from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.46.

Americold Realty Trust Trading Up 0.1%

Shares of NYSE COLD opened at $16.08 on Wednesday. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $14.42 and a 200-day simple moving average of $13.88. The stock has a market capitalization of $4.59 billion, a PE ratio of 19.37 and a beta of 0.93.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.37. Americold Realty Trust had a return on equity of 8.44% and a net margin of 9.03%. The company had revenue of $691.56 million during the quarter, compared to analysts’ expectations of $640.82 million. During the same period last year, the business posted $0.35 EPS. Americold Realty Trust’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Americold Realty Trust Inc. will post 1.22 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.7%. Americold Realty Trust’s dividend payout ratio (DPR) is presently 110.84%.

Americold Realty Trust Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses. The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.