Americold Realty Trust Inc. (NYSE:COLD) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,069,618 shares of the company's stock after acquiring an additional 184,966 shares during the period. Russell Investments Group Ltd. owned approximately 0.73% of Americold Realty Trust worth $44,414,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Americold Realty Trust by 649.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock valued at $89,247,000 after acquiring an additional 3,603,716 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of 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 acquiring an additional 3,427,083 shares during the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of Americold Realty Trust by 85.6% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company's stock valued at $76,752,000 after acquiring an additional 1,654,650 shares during the last quarter. Nuveen LLC bought a new stake in shares of Americold Realty Trust in the 1st quarter valued at approximately $33,751,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Americold Realty Trust in the 1st quarter valued at approximately $33,013,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Wells Fargo & Company lowered their price objective on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Robert W. Baird set a $19.00 price objective on Americold Realty Trust and gave the stock an "outperform" rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.58.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $14.77 on Friday. The stock has a 50 day moving average of $16.43 and a two-hundred day moving average of $18.82. The company has a current ratio of 0.12, a quick ratio of 0.13 and a debt-to-equity ratio of 0.13. Americold Realty Trust Inc. has a 12 month low of $14.23 and a 12 month high of $29.79. The company has a market capitalization of $4.21 billion, a P/E ratio of -77.75, a P/E/G ratio of 4.63 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%. Americold Realty Trust's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. As a group, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is currently -484.21%.

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.

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