Raymond James Financial Inc. purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,813 shares of the company's stock, valued at approximately $980,000.
A number of other large investors also recently bought and sold shares of COLD. Captrust Financial Advisors boosted its position in Americold Realty Trust by 27.2% in the 3rd quarter. Captrust Financial Advisors now owns 18,545 shares of the company's stock valued at $524,000 after buying an additional 3,969 shares during the period. Hilltop Holdings Inc. purchased a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $218,000. HighTower Advisors LLC grew its stake in Americold Realty Trust by 102.5% in the third quarter. HighTower Advisors LLC now owns 19,469 shares of the company's stock worth $549,000 after purchasing an additional 9,853 shares in the last quarter. Point72 DIFC Ltd increased its holdings in Americold Realty Trust by 405.7% during the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company's stock worth $204,000 after purchasing an additional 5,797 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Americold Realty Trust during the 3rd quarter valued at $644,000. Hedge funds and other institutional investors own 98.14% of the company's stock.
Wall Street Analyst Weigh In
COLD has been the topic of a number of recent research reports. Citigroup dropped 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. Raymond James cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Scotiabank boosted their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, March 10th. Finally, Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $26.00 to $21.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $28.36.
Check Out Our Latest Analysis on COLD
Americold Realty Trust Stock Up 11.6 %
Shares of COLD stock traded up $2.03 during trading hours on Wednesday, reaching $19.53. 4,157,204 shares of the company's stock were exchanged, compared to its average volume of 2,179,744. Americold Realty Trust, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $30.45. The stock's 50 day moving average is $21.39 and its 200-day moving average is $22.93. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.55 billion, a price-to-earnings ratio of -57.44, a P/E/G ratio of 1.66 and a beta of 0.77.
Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Analysts predict 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 given a $0.23 dividend. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, March 28th. Americold Realty Trust's dividend payout ratio (DPR) is presently -270.59%.
About Americold Realty Trust
(
Free Report)
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.
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