Bank of Montreal Can Sells 13,775 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Bank of Montreal Can reduced its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,743 shares of the company's stock after selling 13,775 shares during the period. Bank of Montreal Can's holdings in Americold Realty Trust were worth $1,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COLD. FMR LLC lifted its position in shares of Americold Realty Trust by 0.9% in the fourth quarter. FMR LLC now owns 13,382,883 shares of the company's stock valued at $286,394,000 after acquiring an additional 121,452 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust during the 4th quarter worth approximately $86,000. Envestnet Asset Management Inc. raised its position in shares of Americold Realty Trust by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock valued at $18,352,000 after purchasing an additional 57,248 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Americold Realty Trust during the 4th quarter valued at about $2,235,000. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Americold Realty Trust by 13.0% in the 4th quarter. Centersquare Investment Management LLC now owns 3,796,662 shares of the company's stock valued at $81,249,000 after acquiring an additional 437,341 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Scotiabank cut their price objective on Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup cut their price objective on 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Americold Realty Trust Stock Up 0.7 %

Americold Realty Trust stock traded up $0.14 during trading hours on Thursday, hitting $20.32. The company had a trading volume of 128,006 shares, compared to its average volume of 2,172,830. The firm's fifty day moving average is $21.00 and its 200-day moving average is $22.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $30.45. The firm has a market capitalization of $5.78 billion, a P/E ratio of -59.73, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. On average, research analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.53%. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 28th. Americold Realty Trust's payout ratio is presently -270.59%.

About Americold Realty Trust

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.