FIL Ltd Sells 43,525 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

FIL Ltd decreased its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 93.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,829 shares of the company's stock after selling 43,525 shares during the quarter. FIL Ltd's holdings in Americold Realty Trust were worth $61,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Americold Realty Trust during the 4th quarter worth $25,000. Venturi Wealth Management LLC increased its position in Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after buying an additional 2,033 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Americold Realty Trust during the fourth quarter valued at about $86,000. Vestcor Inc acquired a new stake in shares of Americold Realty Trust in the fourth quarter worth about $86,000. Finally, Headlands Technologies LLC lifted its position in shares of Americold Realty Trust by 2,681.3% in the fourth quarter. Headlands Technologies LLC now owns 4,311 shares of the company's stock worth $92,000 after buying an additional 4,156 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on COLD. Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Scotiabank lowered their target price on 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. Finally, Barclays upgraded 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Americold Realty Trust Price Performance

NYSE COLD traded up $0.61 on Friday, reaching $20.23. The company's stock had a trading volume of 1,866,429 shares, compared to its average volume of 2,180,172. Americold Realty Trust, Inc. has a 52 week low of $16.67 and a 52 week high of $30.45. The firm has a market cap of $5.75 billion, a PE ratio of -59.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The business has a 50-day moving average price of $21.12 and a 200 day moving average price of $22.59. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Sell-side analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.55%. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's payout ratio is -270.59%.

Americold Realty Trust Company 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.