AGF Management Ltd. Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

AGF Management Ltd. acquired a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 108,682 shares of the company's stock, valued at approximately $2,326,000.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its stake in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock worth $28,000 after purchasing an additional 961 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company's stock valued at $39,936,000 after buying an additional 123,776 shares during the period. KBC Group NV lifted its holdings in Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company's stock valued at $211,000 after acquiring an additional 845 shares during the period. Metis Global Partners LLC grew its stake in shares of Americold Realty Trust by 27.0% during the 3rd quarter. Metis Global Partners LLC now owns 26,913 shares of the company's stock valued at $761,000 after purchasing an additional 5,718 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Americold Realty Trust by 7.0% in the 3rd quarter. Natixis Advisors LLC now owns 53,053 shares of the company's stock worth $1,500,000 after purchasing an additional 3,456 shares during the period. Institutional investors own 98.14% of the company's stock.

Remove Ads

Americold Realty Trust Trading Down 1.1 %

NYSE:COLD traded down $0.25 during midday trading on Wednesday, hitting $21.89. 2,033,960 shares of the company traded hands, compared to its average volume of 2,072,832. 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 firm's fifty day moving average is $21.75 and its 200-day moving average is $23.90. The firm has a market capitalization of $6.23 billion, a P/E ratio of -64.39, a P/E/G ratio of 1.66 and a beta of 0.57. 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 - Get Free Report) last announced 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. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 4.20%. Americold Realty Trust's payout ratio is -258.82%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Citigroup cut their price target on Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, December 4th. Scotiabank boosted their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday, March 10th. Finally, Raymond James decreased 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.25.

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.