Tidal Investments LLC Lowers Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Tidal Investments LLC trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,929 shares of the company's stock after selling 21,274 shares during the period. Tidal Investments LLC's holdings in Americold Realty Trust were worth $1,496,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COLD. Norges Bank purchased a new position in Americold Realty Trust in the fourth quarter valued at about $478,674,000. Cohen & Steers Inc. grew its holdings in shares of Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after acquiring an additional 4,049,374 shares during the period. Alyeska Investment Group L.P. increased its stake in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after purchasing an additional 3,427,083 shares in the last quarter. Invesco Ltd. raised its holdings in Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after purchasing an additional 2,304,867 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after purchasing an additional 1,678,949 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Trading Down 1.2 %

Shares of NYSE:COLD traded down $0.24 during trading on Friday, reaching $19.91. The stock had a trading volume of 1,206,720 shares, compared to its average volume of 2,181,636. 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 stock has a market cap of $5.66 billion, a P/E ratio of -58.56, a PEG ratio of 1.66 and a beta of 0.77. The business has a fifty day moving average price of $20.95 and a 200-day moving average price of $22.25. Americold Realty Trust, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.27. 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 $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. As a group, analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared 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 4.62%. This is a positive change 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 dividend payout ratio (DPR) is presently -270.59%.

Wall Street Analyst Weigh In

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

Americold Realty Trust 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.