Quantbot Technologies LP Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

Quantbot Technologies LP reduced its position in Americold Realty Trust, Inc. (NYSE:COLD) by 65.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,986 shares of the company’s stock after selling 94,970 shares during the period. Quantbot Technologies LP’s holdings in Americold Realty Trust were worth $1,091,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FMR LLC grew its holdings in Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the period. PGGM Investments grew its stake in Americold Realty Trust by 13.4% in the 4th quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock worth $118,961,000 after acquiring an additional 655,782 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Americold Realty Trust by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock worth $88,932,000 after buying an additional 255,632 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock valued at $53,975,000 after buying an additional 1,109,528 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Americold Realty Trust by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company’s stock worth $53,367,000 after buying an additional 47,795 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of recent research reports. Raymond James lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Truist Financial reduced their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Scotiabank upped their price objective on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research note on Monday, March 10th. Finally, Citigroup reduced 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Trading Down 0.4 %

Shares of NYSE:COLD opened at $21.51 on Wednesday. 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 quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.12 billion, a PE ratio of -63.26, a P/E/G ratio of 1.66 and a beta of 0.57. The company’s 50-day moving average price is $21.80 and its 200 day moving average price is $23.69.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.28%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. Americold Realty Trust’s dividend payout ratio (DPR) is -270.59%.

About Americold Realty Trust

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.