Freestone Grove Partners LP Makes New $479,000 Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Freestone Grove Partners LP acquired a new stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,404 shares of the company's stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its holdings in shares of Americold Realty Trust by 139.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock worth $1,322,000 after purchasing an additional 35,973 shares during the period. JPMorgan Chase & Co. boosted its position in Americold Realty Trust by 132.0% during the 4th 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 during the period. Envestnet Asset Management Inc. grew its stake in Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after buying an additional 57,248 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after buying an additional 29,580 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Americold Realty Trust by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock valued at $88,932,000 after buying an additional 255,632 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on COLD. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Citigroup decreased their price objective on 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 cut their target price on Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 10th. Two equities research 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 an average rating of "Moderate Buy" and a consensus target price of $28.00.

Americold Realty Trust Trading Down 2.2 %

COLD stock traded down $0.38 during mid-day trading on Friday, reaching $16.96. 1,347,986 shares of the stock traded hands, compared to its average volume of 2,231,116. Americold Realty Trust, Inc. has a 52-week low of $16.56 and a 52-week high of $30.45. The stock's fifty day moving average is $20.35 and its 200-day moving average is $21.80. The company has a market cap of $4.83 billion, a P/E ratio of -49.88, a P/E/G ratio of 1.66 and a beta of 0.95. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $628.98 million for the quarter, compared to analysts' expectations of $667.18 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company's revenue for the quarter was down 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.42%. 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 -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.