Tidal Investments LLC lowered its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,929 shares of the company's stock after selling 21,274 shares during the quarter. Tidal Investments LLC's holdings in Americold Realty Trust were worth $1,496,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Americold Realty Trust in the 4th quarter valued at about $478,674,000. Cohen & Steers Inc. boosted its holdings in Americold Realty Trust by 16.3% in the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Americold Realty Trust by 115.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after purchasing an additional 3,427,083 shares during the last quarter. Invesco Ltd. grew its stake in Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock valued at $68,761,000 after purchasing an additional 2,304,867 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after purchasing an additional 1,678,949 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.
Americold Realty Trust Stock Performance
Shares of NYSE:COLD traded down $0.24 during trading hours on Friday, hitting $19.91. The stock had a trading volume of 1,206,720 shares, compared to its average volume of 2,179,376. The stock's fifty day simple moving average is $20.95 and its 200 day simple moving average is $22.28. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of -58.56, a PEG ratio of 1.66 and a beta of 0.77. 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, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45.
Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating 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. Sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal 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 dividend of $0.23 per share. This is a boost 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 4.62%. Americold Realty Trust's payout ratio is presently -270.59%.
Analyst Ratings Changes
A number of research firms have recently weighed in on COLD. Citigroup decreased 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. Scotiabank dropped their target price on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 10th. Finally, Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.00.
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About Americold Realty Trust
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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.
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