Hsbc Holdings PLC Boosts Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Hsbc Holdings PLC grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,508 shares of the company's stock after purchasing an additional 54,632 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Americold Realty Trust worth $5,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC increased its stake in Americold Realty Trust by 22.3% in the third quarter. Barclays PLC now owns 98,739 shares of the company's stock valued at $2,791,000 after purchasing an additional 18,015 shares in the last quarter. Tidal Investments LLC increased its position in Americold Realty Trust by 51.2% in the 3rd quarter. Tidal Investments LLC now owns 91,203 shares of the company's stock valued at $2,578,000 after buying an additional 30,875 shares in the last quarter. Franklin Resources Inc. raised its stake in Americold Realty Trust by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company's stock worth $6,564,000 after buying an additional 30,831 shares during the period. JPMorgan Chase & Co. boosted its holdings in Americold Realty Trust by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 1,272,052 shares of the company's stock worth $35,961,000 after acquiring an additional 48,525 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Americold Realty Trust in the fourth quarter worth approximately $239,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COLD. 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 research report on Thursday, April 10th. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Finally, Citigroup lowered their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Americold Realty Trust Stock Performance

Shares of COLD traded up $0.24 on Friday, reaching $19.42. 2,163,991 shares of the company's stock traded hands, compared to its average volume of 2,199,950. The stock's 50 day simple moving average is $20.72 and its two-hundred day simple moving average is $21.97. The stock has a market cap of $5.53 billion, a PE ratio of -57.12, a PEG ratio of 1.66 and a beta of 0.95. Americold Realty Trust, Inc. has a 52-week low of $16.67 and a 52-week high of $30.45. 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 announced its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, March 28th. 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.