LPL Financial LLC Buys 15,339 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

LPL Financial LLC increased its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 36.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,300 shares of the company's stock after purchasing an additional 15,339 shares during the period. LPL Financial LLC's holdings in Americold Realty Trust were worth $1,226,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COLD. Y Intercept Hong Kong Ltd increased its holdings in shares of Americold Realty Trust by 139.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after acquiring an additional 35,973 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock worth $26,237,000 after acquiring an additional 29,580 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Americold Realty Trust by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company's stock worth $88,932,000 after buying an additional 255,632 shares during the period. AGF Management Ltd. bought a new position in shares of Americold Realty Trust during the 4th quarter worth approximately $2,326,000. Finally, TCW Group Inc. raised its position in Americold Realty Trust by 21.6% in the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company's stock valued at $1,731,000 after purchasing an additional 14,386 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COLD has been the subject of several research analyst reports. Citigroup cut their price objective on 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. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Finally, 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 research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock 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 $0.62 during trading hours on Wednesday, hitting $20.47. 158,002 shares of the stock were exchanged, compared to its average volume of 2,172,171. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $5.82 billion, a PE ratio of -60.20, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The company's fifty day simple moving average is $21.06 and its two-hundred day simple moving average is $22.41. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings results 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. The firm 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, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was 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 (DPR) is currently -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.