KLP Kapitalforvaltning AS Makes New $1.20 Million Investment in Americold Realty Trust, Inc. (NYSE:COLD)

KLP Kapitalforvaltning AS purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 55,600 shares of the company's stock, valued at approximately $1,200,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COLD. Venturi Wealth Management LLC increased its position in shares of Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after purchasing an additional 2,033 shares in the last quarter. Vestcor Inc purchased a new position in Americold Realty Trust during the 4th quarter worth approximately $86,000. EverSource Wealth Advisors LLC grew its stake in Americold Realty Trust by 3,946.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company's stock worth $126,000 after buying an additional 5,723 shares during the last quarter. Blue Trust Inc. increased its position in Americold Realty Trust by 100.6% during the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company's stock worth $167,000 after buying an additional 3,903 shares during the period. Finally, Point72 DIFC Ltd lifted its stake in Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company's stock valued at $204,000 after buying an additional 5,797 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

NYSE COLD traded down $1.09 on Thursday, hitting $20.38. 3,428,350 shares of the company's stock were exchanged, compared to its average volume of 2,142,871. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of -59.94, a P/E/G ratio of 1.66 and a beta of 0.77. The firm's 50-day moving average price is $21.79 and its two-hundred day moving average price is $23.34. Americold Realty Trust, Inc. has a fifty-two week low of $20.07 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

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Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, research analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current 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 given a dividend of $0.23 per share. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.51%. The ex-dividend date is Friday, March 28th. Americold Realty Trust's dividend payout ratio is presently -270.59%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COLD. Scotiabank raised their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 10th. Citigroup lowered 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. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Finally, Raymond James decreased their target price on shares of 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.82.

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.