Hilton Capital Management LLC Takes $34.13 Million Position in AmeriCold Realty Trust (NYSE:COLD)

Hilton Capital Management LLC acquired a new position in shares of AmeriCold Realty Trust (NYSE:COLD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,118,549 shares of the company’s stock, valued at approximately $34,127,000. AmeriCold Realty Trust comprises approximately 4.6% of Hilton Capital Management LLC’s holdings, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arete Wealth Advisors LLC increased its stake in shares of AmeriCold Realty Trust by 4.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 13,660 shares of the company’s stock worth $349,000 after buying an additional 575 shares during the period. Suntrust Banks Inc. increased its stake in shares of AmeriCold Realty Trust by 9.2% in the fourth quarter. Suntrust Banks Inc. now owns 10,253 shares of the company’s stock worth $262,000 after buying an additional 861 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in AmeriCold Realty Trust by 6.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,512 shares of the company’s stock valued at $396,000 after acquiring an additional 932 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in AmeriCold Realty Trust by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 14,719 shares of the company’s stock valued at $376,000 after acquiring an additional 1,209 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in AmeriCold Realty Trust by 63.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,159 shares of the company’s stock valued at $96,000 after acquiring an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Several research firms recently weighed in on COLD. Zacks Investment Research cut shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Raymond James lifted their price target on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an “outperform” rating in a report on Monday, April 22nd. Finally, Berenberg Bank began coverage on shares of AmeriCold Realty Trust in a report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. AmeriCold Realty Trust presently has a consensus rating of “Buy” and a consensus target price of $30.86.

NYSE:COLD traded down $0.05 during trading hours on Friday, hitting $33.12. The company had a trading volume of 17,720 shares, compared to its average volume of 1,927,655. The stock has a market cap of $6.37 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 3.07 and a beta of 0.79. AmeriCold Realty Trust has a 52 week low of $21.06 and a 52 week high of $33.17. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $380.18 million. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, analysts expect that AmeriCold Realty Trust will post 1.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, June 27th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 67.80%.

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AmeriCold Realty Trust Company Profile

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Institutional Ownership by Quarter for AmeriCold Realty Trust (NYSE:COLD)

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