Invesco Ltd. Has $68.76 Million Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Invesco Ltd. increased its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 253.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,213,139 shares of the company's stock after purchasing an additional 2,304,867 shares during the quarter. Invesco Ltd. owned approximately 1.13% of Americold Realty Trust worth $68,761,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Americold Realty Trust during the fourth quarter worth approximately $478,674,000. JPMorgan Chase & Co. increased its holdings in shares of Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after acquiring an additional 1,678,949 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company's stock valued at $53,975,000 after acquiring an additional 1,109,528 shares during the period. ExodusPoint Capital Management LP lifted its holdings in Americold Realty Trust by 207.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,224,180 shares of the company's stock valued at $26,197,000 after purchasing an additional 825,809 shares during the last quarter. Finally, Easterly Investment Partners LLC lifted its holdings in Americold Realty Trust by 205.0% during the 4th quarter. Easterly Investment Partners LLC now owns 1,018,807 shares of the company's stock valued at $21,802,000 after purchasing an additional 684,726 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded up $0.61 during midday trading on Friday, hitting $20.23. 1,866,429 shares of the company traded hands, compared to its average volume of 2,180,172. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of -59.48, a PEG ratio of 1.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm's fifty day moving average price is $21.12 and its 200-day moving average price is $22.59. Americold Realty Trust, Inc. has a 12 month low of $16.67 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results 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 net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. As a group, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on COLD shares. Citigroup decreased their price objective 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. 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 note on Thursday, April 10th. Finally, Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

About Americold Realty Trust

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.