Oppenheimer Asset Management Inc. Has $2.16 Million Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Oppenheimer Asset Management Inc. decreased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,428 shares of the company’s stock after selling 731 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Americold Realty Trust were worth $2,161,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of COLD. Assetmark Inc. grew its stake 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 acquiring an additional 961 shares during the last quarter. GAMMA Investing LLC grew its position in Americold Realty Trust by 189.9% in 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. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Americold Realty Trust during the second quarter valued at about $85,000. Finally, Signaturefd LLC lifted its stake in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after buying an additional 740 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $21.82 on Friday. The stock has a market capitalization of $6.20 billion, a P/E ratio of -21.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 1 year low of $21.53 and a 1 year high of $30.92. The firm has a 50 day moving average of $26.67 and a 200-day moving average of $26.85.

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

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 4.03%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Analyst Ratings Changes

Several brokerages recently issued reports on COLD. Robert W. Baird lowered their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Scotiabank upped their target price on 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. Wells Fargo & Company lifted their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Barclays increased their price objective on shares of Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Truist Financial lifted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.73.

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.