AlphaQuest LLC trimmed its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,717 shares of the company's stock after selling 149,798 shares during the period. AlphaQuest LLC's holdings in Americold Realty Trust were worth $272,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Global Alpha Capital Management Ltd. lifted its holdings in shares of Americold Realty Trust by 5.7% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 117,690 shares of the company's stock valued at $2,519,000 after acquiring an additional 6,372 shares in the last quarter. Inceptionr LLC acquired a new position in shares of Americold Realty Trust during the fourth quarter worth about $933,000. Raymond James Financial Inc. purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth about $980,000. Arizona State Retirement System grew its stake in shares of Americold Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock valued at $1,677,000 after buying an additional 644 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Americold Realty Trust by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock valued at $88,932,000 after buying an additional 255,632 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.
Americold Realty Trust Stock Down 1.1 %
NYSE COLD traded down $0.25 on Wednesday, hitting $21.89. 1,281,371 shares of the stock traded hands, compared to its average volume of 2,234,962. The company has a market capitalization of $6.23 billion, a P/E ratio of -64.39, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The stock has a 50-day moving average of $21.75 and a 200 day moving average of $23.90. 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 twelve month low of $20.41 and a twelve 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. 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 analysts' expectations of $684.03 million. As a group, analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.
Americold Realty Trust Increases Dividend
The firm 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's dividend payout ratio is currently -258.82%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on COLD shares. Scotiabank upped their price target on Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. Raymond James lowered their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Citigroup cut their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, December 4th. Finally, Truist Financial lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.25.
Read Our Latest Report on Americold Realty Trust
Americold Realty Trust Company Profile
(
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.
Further Reading
Before you consider Americold Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Americold Realty Trust wasn't on the list.
While Americold Realty Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
