Employees Retirement System of Texas Purchases 15,000 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Employees Retirement System of Texas raised its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,868 shares of the company's stock after purchasing an additional 15,000 shares during the quarter. Employees Retirement System of Texas owned 0.08% of Americold Realty Trust worth $50,904,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in Americold Realty Trust by 0.9% during the fourth quarter. FMR LLC now owns 13,382,883 shares of the company's stock valued at $286,394,000 after purchasing an additional 121,452 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Americold Realty Trust during the 4th quarter valued at $86,000. Envestnet Asset Management Inc. boosted its position in Americold Realty Trust by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after purchasing an additional 57,248 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at $2,235,000. Finally, Centersquare Investment Management LLC raised its position in shares of Americold Realty Trust by 13.0% in the fourth quarter. Centersquare Investment Management LLC now owns 3,796,662 shares of the company's stock valued at $81,249,000 after purchasing an additional 437,341 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COLD. Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $26.00 to $21.00 in a research note on Wednesday. Scotiabank lowered their price objective 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. Finally, Citigroup reduced their target price 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded up $0.42 during midday trading on Friday, reaching $19.26. 2,280,557 shares of the company were exchanged, compared to its average volume of 2,179,058. The stock's 50-day moving average price is $21.34 and its 200-day moving average price is $22.86. The stock has a market cap of $5.48 billion, a P/E ratio of -56.65, a PEG ratio of 1.66 and a beta of 0.77. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a one year low of $16.67 and a one year high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (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 company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.78%. Americold Realty Trust's dividend 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.