HGI Capital Management LLC Grows Stake in Americold Realty Trust, Inc. (NYSE:COLD)

HGI Capital Management LLC increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 73.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 218,640 shares of the company's stock after buying an additional 92,797 shares during the period. Americold Realty Trust accounts for about 4.8% of HGI Capital Management LLC's portfolio, making the stock its 7th largest holding. HGI Capital Management LLC owned 0.08% of Americold Realty Trust worth $4,679,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of COLD. Brown Brothers Harriman & Co. acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its holdings in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock valued at $48,000 after buying an additional 2,033 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Americold Realty Trust during the 4th quarter worth $86,000. Vestcor Inc acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $86,000. Finally, Headlands Technologies LLC boosted its position in shares of Americold Realty Trust by 2,681.3% in the fourth quarter. Headlands Technologies LLC now owns 4,311 shares of the company's stock valued at $92,000 after acquiring an additional 4,156 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

COLD has been the subject of several analyst reports. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Citigroup dropped their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Finally, Scotiabank reduced their price target on Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Americold Realty Trust Price Performance

NYSE:COLD traded up $0.45 on Wednesday, hitting $20.30. The company had a trading volume of 674,778 shares, compared to its average volume of 2,174,542. Americold Realty Trust, Inc. has a 52 week low of $16.67 and a 52 week high of $30.45. 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 stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of -59.70, a PEG ratio of 1.66 and a beta of 0.77. The firm has a 50 day moving average of $21.02 and a two-hundred day moving average of $22.40.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a $0.23 dividend. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 4.53%. Americold Realty Trust's payout ratio is presently -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.