Raymond James Financial Inc. Takes $980,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

Raymond James Financial Inc. acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 45,813 shares of the company's stock, valued at approximately $980,000.

A number of other hedge funds also recently added to or reduced their stakes in COLD. Greenland Capital Management LP increased its stake in shares of Americold Realty Trust by 46.1% during the fourth quarter. Greenland Capital Management LP now owns 14,608 shares of the company's stock worth $313,000 after acquiring an additional 4,608 shares during the period. Bank of Nova Scotia acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $328,000. Invesco Ltd. raised its stake in shares of Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after buying an additional 2,304,867 shares in the last quarter. Employees Retirement System of Texas lifted its holdings in shares of Americold Realty Trust by 6.7% in the 4th quarter. Employees Retirement System of Texas now owns 237,868 shares of the company's stock valued at $50,904,000 after buying an additional 15,000 shares during the period. Finally, FMR LLC lifted its holdings in shares of Americold Realty Trust by 0.9% in the 4th quarter. FMR LLC now owns 13,382,883 shares of the company's stock valued at $286,394,000 after buying an additional 121,452 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

COLD traded down $0.16 during midday trading on Friday, reaching $17.18. 3,132,478 shares of the company's stock were exchanged, compared to its average volume of 2,217,608. Americold Realty Trust, Inc. has a 1-year low of $16.56 and a 1-year high of $30.45. The stock has a market capitalization of $4.89 billion, a PE ratio of -50.53, a P/E/G ratio of 1.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The business's 50-day moving average price is $20.26 and its 200 day moving average price is $21.67.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The company's revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Friday, March 28th. Americold Realty Trust's dividend payout ratio is currently -270.59%.

Analyst Ratings Changes

A number of research analysts recently weighed in on COLD shares. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Citigroup decreased their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Finally, Scotiabank cut their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.