Fairview Capital Investment Management LLC Sells 685,362 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Fairview Capital Investment Management LLC trimmed its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 986,653 shares of the company's stock after selling 685,362 shares during the quarter. Americold Realty Trust accounts for 1.1% of Fairview Capital Investment Management LLC's portfolio, making the stock its 28th largest position. Fairview Capital Investment Management LLC owned about 0.35% of Americold Realty Trust worth $21,114,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Cohen & Steers Inc. raised 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 worth $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Norges Bank acquired a new position in Americold Realty Trust during the fourth quarter worth $478,674,000. FMR LLC raised its stake in Americold Realty Trust by 0.9% during the fourth quarter. FMR LLC now owns 13,382,883 shares of the company's stock worth $286,394,000 after acquiring an additional 121,452 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after acquiring an additional 3,427,083 shares in the last quarter. Finally, PGGM Investments raised its stake in Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company's stock worth $118,961,000 after acquiring an additional 655,782 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

Shares of COLD stock traded down $0.16 on Friday, reaching $17.18. The company had a trading volume of 3,132,478 shares, compared to its average volume of 2,217,608. The stock has a market capitalization of $4.89 billion, a PE ratio of -50.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. 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 business's 50-day moving average is $20.26 and its 200 day moving average is $21.67. Americold Realty Trust, Inc. has a one year low of $16.56 and a one year high of $30.45.

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

Americold Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 5.36%. Americold Realty Trust's dividend payout ratio is presently -270.59%.

Analysts Set New Price Targets

COLD has been the subject of a number of research reports. Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Citigroup lowered their target price 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. Finally, Scotiabank lowered their target price on 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.