Allstate Corp Cuts Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Allstate Corp reduced its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 57.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,109 shares of the company's stock after selling 74,550 shares during the quarter. Allstate Corp's holdings in Americold Realty Trust were worth $1,201,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COLD. Norges Bank acquired a new position in Americold Realty Trust during the fourth quarter worth $478,674,000. FMR LLC increased its holdings in Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company's stock worth $374,901,000 after purchasing an additional 3,844,603 shares in the last quarter. PGGM Investments raised its stake in shares of Americold Realty Trust by 13.4% in the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company's stock worth $118,961,000 after purchasing an additional 655,782 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Americold Realty Trust by 14.7% during the fourth quarter. American Century Companies Inc. now owns 3,061,204 shares of the company's stock valued at $65,510,000 after buying an additional 392,862 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Citigroup cut their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. 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 note on Monday, March 10th. Finally, Raymond James cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. 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 Stock Down 5.0 %

Shares of COLD traded down $1.03 during mid-day trading on Friday, hitting $19.37. The company's stock had a trading volume of 5,810,893 shares, compared to its average volume of 2,154,927. The company's 50-day moving average is $21.75 and its 200-day moving average is $23.28. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 52-week low of $18.84 and a 52-week high of $30.45. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of -56.95, a PEG ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently declared 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 represents a $0.92 annualized dividend and a yield of 4.75%. The ex-dividend date is Friday, March 28th. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's payout ratio is -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.