Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,600,018 shares of the company's stock after selling 183,002 shares during the period. Legal & General Group Plc owned approximately 0.56% of Americold Realty Trust worth $34,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its position in 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 valued at $1,322,000 after acquiring an additional 35,973 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Americold Realty Trust by 132.0% in 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in Americold Realty Trust by 2.5% in 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 purchasing an additional 29,580 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 255,632 shares during the period. Finally, AGF Management Ltd. purchased a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $2,326,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on COLD shares. Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Scotiabank lowered their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup lowered their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Americold Realty Trust Stock Up 3.1 %

COLD stock traded up $0.61 during midday trading on Friday, reaching $20.23. 1,866,429 shares of the company were exchanged, compared to its average volume of 2,178,356. The stock's 50-day simple moving average is $21.12 and its 200 day simple moving average is $22.59. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45. 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 company has a market cap of $5.75 billion, a price-to-earnings ratio of -59.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Friday, March 28th. Americold Realty Trust's dividend payout ratio is presently -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.