Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Americold Realty Trust, Inc. (NYSE:COLD)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 30.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,059 shares of the company’s stock after acquiring an additional 51,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Americold Realty Trust worth $4,709,000 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. Assetmark Inc. raised its position in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Americold Realty Trust by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after acquiring an additional 123,776 shares during the period. KBC Group NV raised its holdings in shares of Americold Realty Trust by 12.8% during the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after purchasing an additional 845 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Americold Realty Trust by 27.0% during the third quarter. Metis Global Partners LLC now owns 26,913 shares of the company’s stock worth $761,000 after purchasing an additional 5,718 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Americold Realty Trust by 7.0% during the third quarter. Natixis Advisors LLC now owns 53,053 shares of the company’s stock valued at $1,500,000 after purchasing an additional 3,456 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $21.39 on Friday. 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 stock has a market capitalization of $6.08 billion, a PE ratio of -62.90, a P/E/G ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $30.45. The company has a fifty day moving average of $21.73 and a two-hundred day moving average of $24.13.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to the consensus estimate 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 forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -258.82%.

Analyst Ratings Changes

A number of equities analysts have weighed in on COLD shares. Barclays reduced their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Raymond James decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Citigroup cut their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Finally, Scotiabank increased their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.25.

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.