Fmr LLC Acquires 121,452 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Fmr LLC boosted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,382,883 shares of the company’s stock after purchasing an additional 121,452 shares during the quarter. Fmr LLC’s holdings in Americold Realty Trust were worth $286,394,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in Americold Realty Trust during the 4th quarter valued at approximately $86,000. Envestnet Asset Management Inc. grew its stake in Americold Realty Trust by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company’s stock valued at $18,352,000 after acquiring an additional 57,248 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Americold Realty Trust in the 4th quarter valued at $2,235,000. Centersquare Investment Management LLC lifted its stake in Americold Realty Trust by 13.0% in the 4th quarter. Centersquare Investment Management LLC now owns 3,796,662 shares of the company’s stock worth $81,249,000 after purchasing an additional 437,341 shares in the last quarter. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of Americold Realty Trust by 207.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,224,180 shares of the company’s stock valued at $26,197,000 after purchasing an additional 825,809 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $26.00 to $21.00 in a research report on Wednesday. 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. Finally, Citigroup cut their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $18.85 on Friday. The firm has a market capitalization of $5.36 billion, a PE ratio of -55.44, a PEG ratio of 1.66 and a beta of 0.77. The stock’s fifty day moving average is $21.34 and its 200 day moving average is $22.86. Americold Realty Trust, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

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, beating 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 business had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 4.88%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio (DPR) is presently -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.