Renaissance Technologies LLC Cuts Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Renaissance Technologies LLC decreased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,413 shares of the company's stock after selling 596,187 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of Americold Realty Trust worth $10,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of COLD. Y Intercept Hong Kong Ltd boosted its stake 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 worth $1,322,000 after purchasing an additional 35,973 shares during the period. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 1,678,949 shares during the period. Bank of New York Mellon Corp grew its stake in Americold Realty Trust by 2.5% during 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 acquiring an additional 29,580 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings 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 acquiring an additional 57,248 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 255,632 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on COLD shares. Citigroup cut 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. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Finally, Scotiabank dropped 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 report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded up $0.25 during midday trading on Tuesday, reaching $19.86. The stock had a trading volume of 1,297,869 shares, compared to its average volume of 2,180,101. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of -58.41, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a 12-month low of $16.67 and a 12-month high of $30.45. The stock has a 50-day moving average of $21.06 and a 200-day moving average of $22.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.63%. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. Americold Realty Trust's dividend payout ratio (DPR) is presently -270.59%.

Americold Realty Trust 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.