Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in Americold Realty Trust, Inc. (NYSE:COLD) by 14.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,110 shares of the company’s stock after acquiring an additional 30,831 shares during the period. Franklin Resources Inc. owned about 0.09% of Americold Realty Trust worth $6,564,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in Americold Realty Trust during the second quarter worth approximately $236,000. Bank of New York Mellon Corp lifted its position in shares of Americold Realty Trust by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,259,657 shares of the company’s stock valued at $32,172,000 after buying an additional 80,589 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Americold Realty Trust by 8.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,022 shares of the company’s stock valued at $384,000 after acquiring an additional 1,150 shares during the period. LDR Capital Management LLC purchased a new stake in Americold Realty Trust in the 2nd quarter worth $315,000. Finally, HB Wealth Management LLC increased its holdings in Americold Realty Trust by 8.4% in the 2nd quarter. HB Wealth Management LLC now owns 22,897 shares of the company’s stock worth $585,000 after acquiring an additional 1,784 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 2.1 %

NYSE COLD opened at $21.48 on Monday. The business’s fifty day simple moving average is $24.00 and its 200-day simple moving average is $26.52. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.11 billion, a PE ratio of -21.27, a P/E/G ratio of 1.80 and a beta of 0.59. Americold Realty Trust, Inc. has a 52 week low of $21.01 and a 52 week high of $30.59.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. During the same period last year, the firm earned $0.32 earnings per share. Americold Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.22 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 4.10%. Americold Realty Trust’s payout ratio is -87.13%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Scotiabank lowered their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Evercore ISI boosted their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company raised 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. Finally, Royal Bank of Canada dropped their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Insider Buying and Selling

In other news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

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.