Fmr LLC Boosts Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Fmr LLC increased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,382,883 shares of the company’s stock after acquiring an additional 121,452 shares during the period. Fmr LLC owned about 4.71% of Americold Realty Trust worth $286,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COLD. Captrust Financial Advisors raised its stake in shares of Americold Realty Trust by 27.2% in the third quarter. Captrust Financial Advisors now owns 18,545 shares of the company’s stock worth $524,000 after purchasing an additional 3,969 shares during the last quarter. HighTower Advisors LLC increased its holdings in Americold Realty Trust by 102.5% in the 3rd quarter. HighTower Advisors LLC now owns 19,469 shares of the company’s stock worth $549,000 after buying an additional 9,853 shares in the last quarter. MML Investors Services LLC raised its position in Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after buying an additional 882 shares during the last quarter. Barclays PLC lifted its stake in Americold Realty Trust by 22.3% during the 3rd quarter. Barclays PLC now owns 98,739 shares of the company’s stock valued at $2,791,000 after acquiring an additional 18,015 shares during the period. Finally, TCW Group Inc. purchased a new stake in shares of Americold Realty Trust during the 3rd quarter valued at about $1,880,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

NYSE COLD opened at $18.85 on Friday. The business’s fifty day moving average is $21.34 and its 200 day moving average is $22.86. Americold Realty Trust, Inc. has a fifty-two week low of $16.67 and a fifty-two week 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 capitalization of $5.36 billion, a PE ratio of -55.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data 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. The firm had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Sell-side analysts predict 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 will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.88%. Americold Realty Trust’s dividend payout ratio is -270.59%.

Wall Street Analyst Weigh In

COLD has been the topic of a number of research analyst reports. Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $26.00 to $21.00 in a research report on Wednesday. Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Finally, Scotiabank dropped their price target 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.