American Century Companies Inc. Buys 392,862 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

American Century Companies Inc. boosted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,061,204 shares of the company's stock after acquiring an additional 392,862 shares during the period. American Century Companies Inc. owned approximately 1.08% of Americold Realty Trust worth $65,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Americold Realty Trust by 40.8% in the third quarter. FMR LLC now owns 13,261,431 shares of the company's stock valued at $374,901,000 after buying an additional 3,844,603 shares during the period. PGGM Investments boosted its stake in Americold Realty Trust by 13.4% in the 4th 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 period. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $88,932,000 after purchasing an additional 255,632 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company's stock valued at $53,975,000 after buying an additional 1,109,528 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Americold Realty Trust by 2.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company's stock valued at $53,367,000 after acquiring an additional 47,795 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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Americold Realty Trust Stock Performance

Shares of NYSE:COLD traded up $0.09 during trading on Friday, reaching $21.73. 1,266,327 shares of the stock were exchanged, compared to its average volume of 2,117,991. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45. The stock has a 50-day moving average price of $21.84 and a 200-day moving average price of $23.61. 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 has a market cap of $6.18 billion, a PE ratio of -63.94, a PEG ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly 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. The business had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Research analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. Americold Realty Trust's payout ratio is presently -270.59%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on COLD shares. Truist Financial lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. Citigroup lowered their target price 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. Scotiabank upped their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 10th. Finally, Raymond James lowered 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 report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.82.

Americold Realty Trust Company Profile

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.