OVERSEA CHINESE BANKING Corp Ltd Boosts Position in Americold Realty Trust, Inc. (NYSE:COLD)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 139.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,630 shares of the company's stock after purchasing an additional 73,792 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Americold Realty Trust were worth $3,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. grew its holdings in shares of Americold Realty Trust by 9.2% during the first quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company's stock valued at $10,922,000 after buying an additional 36,811 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Americold Realty Trust by 100.3% in the 1st quarter. Centersquare Investment Management LLC now owns 1,798,751 shares of the company's stock valued at $44,825,000 after acquiring an additional 900,815 shares during the last quarter. Swiss National Bank increased its stake in shares of Americold Realty Trust by 5.1% in the first quarter. Swiss National Bank now owns 559,700 shares of the company's stock worth $13,948,000 after acquiring an additional 27,100 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Americold Realty Trust during the first quarter worth $1,401,000. Finally, Tidal Investments LLC boosted its holdings in Americold Realty Trust by 479.9% in the first quarter. Tidal Investments LLC now owns 90,374 shares of the company's stock valued at $2,252,000 after purchasing an additional 74,790 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

COLD stock traded down $0.34 during trading on Wednesday, hitting $22.36. The stock had a trading volume of 2,899,839 shares, compared to its average volume of 2,190,721. The company's 50-day moving average price is $27.10 and its two-hundred day moving average price is $26.89. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $30.92. The stock has a market capitalization of $6.35 billion, a P/E ratio of -22.06, a PEG ratio of 1.78 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.16.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to analysts' expectations of $663.87 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The firm's revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.94%. Americold Realty Trust's payout ratio is presently -87.13%.

Analysts Set New Price Targets

COLD has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Robert W. Baird dropped their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Truist Financial increased their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Evercore ISI lifted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Finally, Scotiabank increased their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $30.73.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.