Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,600,018 shares of the company's stock after selling 183,002 shares during the period. Legal & General Group Plc owned about 0.56% of Americold Realty Trust worth $34,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Americold Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock valued at $1,677,000 after acquiring an additional 644 shares during the period. MML Investors Services LLC boosted 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 purchasing an additional 882 shares in the last quarter. Capital Insight Partners LLC grew its stake 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 purchasing an additional 1,140 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust in the fourth quarter worth about $25,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Americold Realty Trust by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 137,072 shares of the company's stock valued at $2,932,000 after buying an additional 1,339 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

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Americold Realty Trust Stock Performance

Shares of COLD traded down $0.14 during trading hours on Tuesday, reaching $19.31. 1,606,029 shares of the company traded hands, compared to its average volume of 2,177,805. The stock has a market capitalization of $5.49 billion, a P/E ratio of -56.78, a P/E/G 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. The business has a fifty day moving average price of $21.24 and a 200-day moving average price of $22.69. Americold Realty Trust, Inc. has a 12-month low of $16.67 and a 12-month high of $30.45.

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 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 business had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared 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. This represents a $0.92 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's dividend payout ratio is -270.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on COLD shares. Citigroup cut 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. Scotiabank cut their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 10th. Finally, Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.