Bank of New York Mellon Corp Increases Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Bank of New York Mellon Corp raised its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,226,026 shares of the company's stock after buying an additional 29,580 shares during the quarter. Bank of New York Mellon Corp owned about 0.43% of Americold Realty Trust worth $26,237,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of COLD. Moors & Cabot Inc. boosted its holdings in Americold Realty Trust by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 18,040 shares of the company's stock valued at $510,000 after acquiring an additional 700 shares during the period. KBC Group NV boosted its stake in shares of Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company's stock valued at $211,000 after purchasing an additional 845 shares during the period. MML Investors Services LLC boosted its stake in shares of Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company's stock valued at $1,373,000 after purchasing an additional 882 shares during the period. Assetmark Inc. grew its holdings in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock valued at $28,000 after purchasing an additional 961 shares in the last quarter. Finally, Capital Insight Partners LLC increased its stake in Americold Realty Trust by 7.2% during the 4th quarter. Capital Insight Partners LLC now owns 17,022 shares of the company's stock worth $364,000 after buying an additional 1,140 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

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Americold Realty Trust Stock Performance

NYSE:COLD traded down $0.27 during trading hours on Thursday, reaching $20.75. 842,602 shares of the company's stock were exchanged, compared to its average volume of 2,081,644. The company has a 50-day moving average of $21.74 and a 200 day moving average of $24.15. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of -61.02, a P/E/G ratio of 1.66 and a beta of 0.57.

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

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust's dividend payout ratio is presently -258.82%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, December 4th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Barclays cut their price target on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Truist Financial decreased their price objective 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. Finally, Raymond James reduced 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $29.25.

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.