Aster Capital Management DIFC Ltd Makes New Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,021 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd grew its stake in Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after acquiring an additional 35,973 shares during the period. Bank of New York Mellon Corp grew its position in shares of Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock valued at $26,237,000 after purchasing an additional 29,580 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $88,932,000 after purchasing an additional 255,632 shares during the period. AGF Management Ltd. purchased a new stake in shares of Americold Realty Trust during the fourth quarter worth about $2,326,000. Finally, TCW Group Inc. raised its position in shares of Americold Realty Trust by 21.6% during the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock worth $1,731,000 after purchasing an additional 14,386 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Down 4.9 %

Shares of COLD opened at $17.48 on Wednesday. Americold Realty Trust, Inc. has a 52-week low of $17.27 and a 52-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 stock has a fifty day simple moving average of $21.49 and a two-hundred day simple moving average of $23.02. The company has a market capitalization of $4.97 billion, a PE ratio of -51.40, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last released 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 net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s payout ratio is presently -270.59%.

Analysts Set New Price Targets

Several research firms have commented on COLD. Raymond James cut their price objective on 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. Citigroup dropped their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Scotiabank raised their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.82.

Americold Realty Trust Company 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.