Allstate Corp Sells 74,550 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Allstate Corp decreased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 57.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,109 shares of the company’s stock after selling 74,550 shares during the period. Allstate Corp’s holdings in Americold Realty Trust were worth $1,201,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at $25,000. Duff & Phelps Investment Management Co. raised its stake in shares of Americold Realty Trust by 11.1% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,947,335 shares of the company’s stock valued at $41,673,000 after buying an additional 194,080 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at $867,000. Easterly Investment Partners LLC lifted its holdings in shares of Americold Realty Trust by 205.0% during the 4th quarter. Easterly Investment Partners LLC now owns 1,018,807 shares of the company’s stock worth $21,802,000 after acquiring an additional 684,726 shares during the period. Finally, Norges Bank bought a new stake in Americold Realty Trust in the fourth quarter valued at about $478,674,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $21.87 on Monday. The stock has a 50-day simple moving average of $21.84 and a 200 day simple moving average of $23.52. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of -64.31, a P/E/G ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 12-month low of $20.41 and a 12-month high of $30.45.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio is currently -270.59%.

Analyst Ratings Changes

A number of research analysts have commented on COLD shares. Raymond James cut their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Truist Financial cut their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. 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 research report on Friday, March 21st. Finally, Scotiabank boosted their target price 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.82.

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.