Earnest Partners LLC Acquires 619,503 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Earnest Partners LLC grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,523,989 shares of the company's stock after acquiring an additional 619,503 shares during the period. Earnest Partners LLC owned about 0.89% of Americold Realty Trust worth $54,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in Americold Realty Trust in the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. grew its stake in Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Invesco Ltd. boosted its holdings 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 valued at $68,761,000 after purchasing an additional 2,304,867 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after purchasing an additional 1,678,949 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in shares of Americold Realty Trust by 85.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company's stock valued at $76,752,000 after purchasing an additional 1,654,650 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays raised 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 note on Wednesday, April 9th. Citigroup lowered their price target 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, Scotiabank dropped their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Americold Realty Trust Trading Up 1.3 %

Americold Realty Trust stock traded up $0.24 during trading hours on Friday, hitting $19.42. The company had a trading volume of 2,163,991 shares, compared to its average volume of 2,196,309. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $5.53 billion, a P/E ratio of -57.12, a P/E/G ratio of 1.66 and a beta of 0.95. The company has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $22.04. Americold Realty Trust, Inc. has a 1 year low of $16.67 and a 1 year high of $30.45.

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

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.74%. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's dividend payout ratio (DPR) is currently -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.