Americold Realty Trust, Inc. (NYSE:COLD) Position Increased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC raised its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 85.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,586,563 shares of the company's stock after purchasing an additional 1,654,650 shares during the quarter. Americold Realty Trust accounts for approximately 3.2% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 13th largest holding. Lasalle Investment Management Securities LLC owned about 1.26% of Americold Realty Trust worth $76,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd increased its holdings in Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after purchasing an additional 35,973 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Americold Realty Trust by 132.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after buying an additional 1,678,949 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock valued at $18,352,000 after buying an additional 57,248 shares during the period. Bank of New York Mellon Corp lifted its position in Americold Realty Trust by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock worth $26,237,000 after acquiring an additional 29,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Americold Realty Trust by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock worth $88,932,000 after acquiring an additional 255,632 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COLD. Citigroup reduced 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 research report on Friday, March 21st. Scotiabank cut their price objective on shares of 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 lowered their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Americold Realty Trust Stock Down 0.8 %

NYSE:COLD traded down $0.16 during mid-day trading on Friday, reaching $19.99. The stock had a trading volume of 539,315 shares, compared to its average volume of 2,173,435. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of -58.76, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45. The stock's 50 day simple moving average is $21.00 and its two-hundred day simple moving average is $22.38.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.37 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 company had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date was Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.60%. Americold Realty Trust's payout ratio is -270.59%.

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.