HGI Capital Management LLC Sells 53,043 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

HGI Capital Management LLC reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 29.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,843 shares of the company’s stock after selling 53,043 shares during the period. Americold Realty Trust accounts for approximately 3.1% of HGI Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. HGI Capital Management LLC’s holdings in Americold Realty Trust were worth $3,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. lifted its position in shares of Americold Realty Trust by 2,288.1% in the 3rd 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. GAMMA Investing LLC lifted its holdings in Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after buying an additional 735 shares during the period. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust during the third quarter valued at $55,000. Blue Trust Inc. grew its holdings in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust in the 2nd quarter worth about $85,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COLD has been the topic of several research analyst reports. 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. Truist Financial raised their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays cut their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Scotiabank lifted their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada cut their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Price Performance

COLD stock opened at $24.04 on Friday. 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 business has a 50-day simple moving average of $25.65 and a two-hundred day simple moving average of $26.84. The company has a market capitalization of $6.83 billion, a P/E ratio of -23.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. Americold Realty Trust, Inc. has a 52-week low of $21.53 and a 52-week high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Research analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.66%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Americold Realty Trust Company 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.