Americold Realty Trust, Inc. (NYSE:COLD) Stock Holdings Lifted by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lifted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,711 shares of the company's stock after purchasing an additional 20,306 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.13% of Americold Realty Trust worth $8,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System lifted its stake in Americold Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock worth $1,677,000 after purchasing an additional 644 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Americold Realty Trust by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company's stock worth $2,674,000 after purchasing an additional 780 shares during the period. Capital Insight Partners LLC lifted its position in shares of Americold Realty Trust by 7.2% in the 4th quarter. Capital Insight Partners LLC now owns 17,022 shares of the company's stock worth $364,000 after buying an additional 1,140 shares during the last quarter. Garner Asset Management Corp lifted its position in shares of Americold Realty Trust by 3.1% in the 4th quarter. Garner Asset Management Corp now owns 37,949 shares of the company's stock worth $812,000 after buying an additional 1,156 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at about $25,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Americold Realty Trust Price Performance

Americold Realty Trust stock traded up $0.23 during trading hours on Monday, hitting $20.13. 1,985,780 shares of the company traded hands, compared to its average volume of 2,180,852. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45. The firm has a market cap of $5.73 billion, a P/E ratio of -59.20, a P/E/G ratio of 1.66 and a beta of 0.77. The firm's 50-day simple moving average is $20.94 and its two-hundred day simple moving average is $22.17. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, analysts forecast 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.57%. This is an increase 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 is presently -270.59%.

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.