JPMorgan Chase & Co. Raises Stake in Americold Realty Trust, Inc. (NYSE:COLD)

JPMorgan Chase & Co. lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 132.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,951,001 shares of the company's stock after purchasing an additional 1,678,949 shares during the quarter. JPMorgan Chase & Co. owned about 1.04% of Americold Realty Trust worth $63,151,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd raised 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 buying an additional 35,973 shares during the period. Bank of New York Mellon Corp lifted its stake in Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock worth $26,237,000 after purchasing an additional 29,580 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Americold Realty Trust by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock valued at $88,932,000 after purchasing an additional 255,632 shares during the period. AGF Management Ltd. purchased a new stake in shares of Americold Realty Trust during the fourth quarter worth about $2,326,000. Finally, TCW Group Inc. raised its holdings in Americold Realty Trust by 21.6% in the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company's stock worth $1,731,000 after purchasing an additional 14,386 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COLD shares. Scotiabank lifted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, March 10th. Citigroup reduced 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 report on Friday, March 21st. Raymond James decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Finally, Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $26.00 to $21.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.36.

Americold Realty Trust Stock Up 11.6 %

Shares of Americold Realty Trust stock traded up $2.03 during trading on Wednesday, hitting $19.53. 4,157,204 shares of the stock traded hands, compared to its average volume of 2,179,744. Americold Realty Trust, Inc. has a 52-week low of $16.73 and a 52-week high of $30.45. The stock's fifty day simple moving average is $21.39 and its 200 day simple moving average is $22.93. The firm has a market cap of $5.55 billion, a P/E ratio of -57.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, equities 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's payout ratio is -270.59%.

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.