Fairview Capital Investment Management LLC Cuts Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Fairview Capital Investment Management LLC cut its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 41.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 986,653 shares of the company’s stock after selling 685,362 shares during the quarter. Americold Realty Trust makes up approximately 1.1% of Fairview Capital Investment Management LLC’s portfolio, making the stock its 28th largest holding. Fairview Capital Investment Management LLC owned approximately 0.35% of Americold Realty Trust worth $21,114,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Americold Realty Trust in the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. grew its holdings in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after buying an additional 4,049,374 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after acquiring an additional 3,427,083 shares during the period. Invesco Ltd. boosted its position in shares of Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock valued at $68,761,000 after acquiring an additional 2,304,867 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 1,678,949 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup dropped their price target 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. Scotiabank decreased their price objective on 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 raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Americold Realty Trust Trading Down 5.9 %

Shares of Americold Realty Trust stock opened at $17.33 on Friday. The company has a fifty day simple moving average of $20.35 and a 200-day simple moving average of $21.80. Americold Realty Trust, Inc. has a 12-month low of $16.56 and a 12-month high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of -50.97, a PEG ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.31%. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio (DPR) is currently -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.