Algert Global LLC Boosts Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Algert Global LLC boosted its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 677,447 shares of the company's stock after purchasing an additional 183,201 shares during the period. Algert Global LLC owned about 0.24% of Americold Realty Trust worth $14,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. Y Intercept Hong Kong Ltd grew its holdings in Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after buying an additional 35,973 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Americold Realty Trust by 132.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after acquiring an additional 1,678,949 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Americold Realty Trust by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after purchasing an additional 57,248 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after purchasing an additional 29,580 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Americold Realty Trust by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock worth $88,932,000 after purchasing an additional 255,632 shares during the period. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded down $0.37 on Friday, reaching $16.97. The stock had a trading volume of 1,466,046 shares, compared to its average volume of 2,428,024. The business's 50 day moving average is $20.35 and its two-hundred day moving average is $21.80. The company has a market cap of $4.83 billion, a P/E ratio of -49.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 1 year low of $16.56 and a 1 year high of $30.45.

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

Americold Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.42%. Americold Realty Trust's dividend payout ratio is currently -270.59%.

Analysts Set New Price Targets

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