Massachusetts Financial Services Co. MA Invests $11.88 Million in Americold Realty Trust, Inc. (NYSE:COLD)

Massachusetts Financial Services Co. MA bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 555,063 shares of the company's stock, valued at approximately $11,878,000. Massachusetts Financial Services Co. MA owned approximately 0.20% of Americold Realty Trust as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the 4th quarter worth about $25,000. Venturi Wealth Management LLC lifted 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 bought a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $86,000. Headlands Technologies LLC grew its stake in shares of Americold Realty Trust by 2,681.3% during the fourth quarter. Headlands Technologies LLC now owns 4,311 shares of the company's stock valued at $92,000 after purchasing an additional 4,156 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Americold Realty Trust by 3,946.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company's stock valued at $126,000 after purchasing an additional 5,723 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on COLD shares. Citigroup reduced their price objective on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a 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. Finally, Scotiabank reduced their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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Americold Realty Trust Trading Up 2.2 %

Shares of COLD traded up $0.42 during trading hours on Friday, reaching $19.26. The stock had a trading volume of 2,280,557 shares, compared to its average volume of 2,179,058. The firm has a 50-day moving average of $21.29 and a 200 day moving average of $22.79. 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 company has a market cap of $5.48 billion, a P/E ratio of -56.65, a P/E/G ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a 52 week low of $16.67 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, sell-side analysts expect 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 declared 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. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.78%. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's payout ratio is presently -270.59%.

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.