ExodusPoint Capital Management LP Boosts Stake in Americold Realty Trust, Inc. (NYSE:COLD)

ExodusPoint Capital Management LP raised its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 207.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,224,180 shares of the company's stock after purchasing an additional 825,809 shares during the quarter. ExodusPoint Capital Management LP owned 0.43% of Americold Realty Trust worth $26,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its holdings in shares of Americold Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock valued at $1,677,000 after purchasing an additional 644 shares in the last quarter. MML Investors Services LLC grew its position in Americold Realty Trust by 1.8% during the third quarter. MML Investors Services LLC now owns 48,558 shares of the company's stock valued at $1,373,000 after buying an additional 882 shares during the period. Capital Insight Partners LLC increased its holdings in Americold Realty Trust by 7.2% in the fourth quarter. Capital Insight Partners LLC now owns 17,022 shares of the company's stock valued at $364,000 after buying an additional 1,140 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Americold Realty Trust in the fourth quarter worth about $25,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Americold Realty Trust by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 137,072 shares of the company's stock worth $2,932,000 after acquiring an additional 1,339 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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Americold Realty Trust Price Performance

NYSE COLD traded down $0.23 during mid-day trading on Tuesday, hitting $18.15. The stock had a trading volume of 1,073,535 shares, compared to its average volume of 2,157,080. The firm's 50 day moving average is $21.67 and its 200 day moving average is $23.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of -53.52, a PEG ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a twelve month low of $17.84 and a twelve month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its 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 business had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Equities research analysts forecast 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 disclosed 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 is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.07%. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's dividend payout ratio is currently -270.59%.

Analysts Set New Price Targets

Several brokerages recently weighed in on COLD. Citigroup cut their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Scotiabank raised their price objective 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. Finally, Raymond James reduced their target price on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently 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.