Lasalle Investment Management Securities LLC Raises Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Lasalle Investment Management Securities LLC boosted its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 85.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 makes up 3.2% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 13th largest position. Lasalle Investment Management Securities LLC’s holdings in Americold Realty Trust were worth $76,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in COLD. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC boosted its holdings in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after purchasing an additional 2,033 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Americold Realty Trust during the 4th quarter valued at $86,000. Vestcor Inc bought a new position in shares of Americold Realty Trust in the fourth quarter worth $86,000. Finally, Headlands Technologies LLC grew its position in Americold Realty Trust by 2,681.3% during the fourth quarter. Headlands Technologies LLC now owns 4,311 shares of the company’s stock worth $92,000 after buying an additional 4,156 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 3.1 %

NYSE COLD opened at $20.23 on Friday. The firm has a market cap of $5.75 billion, a PE ratio of -59.48, 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 has a 50-day moving average of $21.09 and a 200-day moving average of $22.50. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. As a group, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were given a $0.23 dividend. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.55%. Americold Realty Trust’s payout ratio is presently -270.59%.

Analyst Upgrades and Downgrades

COLD has been the subject of several recent analyst reports. 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 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, April 9th. Finally, Scotiabank reduced 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price 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.