Americold Realty Trust, Inc. (NYSE:COLD) Stake Lowered by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 40.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,048 shares of the company's stock after selling 20,696 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Americold Realty Trust were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd increased its stake in shares of Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after purchasing an additional 35,973 shares during the period. Charles Schwab Investment Management Inc. increased its position in Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company's stock valued at $110,255,000 after acquiring an additional 165,667 shares during the period. Bank of New York Mellon Corp increased its position in Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after acquiring an additional 29,580 shares during the period. AGF Management Ltd. bought a new stake in Americold Realty Trust during the 4th quarter valued at $2,326,000. Finally, TCW Group Inc. boosted its position in Americold Realty Trust by 21.6% during the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company's stock worth $1,731,000 after acquiring an additional 14,386 shares during the period. Institutional investors own 98.14% of the company's stock.

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Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.09 during trading on Tuesday, hitting $21.51. The company had a trading volume of 1,909,500 shares, compared to its average volume of 2,049,257. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45. The business's 50-day moving average is $21.80 and its 200 day moving average is $23.69. The company has a market cap of $6.12 billion, a P/E ratio of -63.26, a PEG ratio of 1.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Equities research analysts predict 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. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend 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 4.28%. Americold Realty Trust's dividend payout ratio (DPR) is presently -270.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COLD shares. Scotiabank raised their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, March 10th. 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 research note on Wednesday, December 11th. Truist Financial reduced their price target on shares of 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. Finally, Citigroup lowered their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.82.

Americold Realty Trust 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.