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 shares of Americold Realty Trust, Inc. (NYSE:COLD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,448 shares of the company’s stock, valued at approximately $224,000.

A number of other large investors have also recently bought and sold shares of COLD. Assetmark Inc. boosted its position in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after acquiring an additional 2,033 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Americold Realty Trust during the 3rd quarter worth approximately $55,000. Blue Trust Inc. boosted its position in Americold Realty Trust by 100.6% during the 4th quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock worth $167,000 after acquiring an additional 3,903 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its position in Americold Realty Trust by 405.7% during the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock worth $204,000 after acquiring an additional 5,797 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 2.4 %

Shares of Americold Realty Trust stock opened at $21.29 on Wednesday. The business has a fifty day simple moving average of $21.75 and a two-hundred day simple moving average of $24.23. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -62.61, a P/E/G ratio of 1.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on COLD. Barclays cut their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Royal Bank of Canada cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank increased their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday. Raymond James cut their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Citigroup cut their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.25.

Americold Realty Trust Company 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.