Pictet Asset Management Holding SA Sells 202,303 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Pictet Asset Management Holding SA lowered its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,301,943 shares of the company's stock after selling 202,303 shares during the period. Pictet Asset Management Holding SA owned approximately 0.46% of Americold Realty Trust worth $27,862,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in 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 valued at $48,000 after buying an additional 2,033 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Americold Realty Trust in the 4th quarter valued at approximately $86,000. EverSource Wealth Advisors LLC boosted its stake in Americold Realty Trust by 3,946.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company's stock worth $126,000 after purchasing an additional 5,723 shares during the period. Blue Trust Inc. grew its position in Americold Realty Trust by 100.6% during the 4th quarter. Blue Trust Inc. now owns 7,783 shares of the company's stock worth $167,000 after purchasing an additional 3,903 shares in the last quarter. Finally, Point72 DIFC Ltd raised its stake in Americold Realty Trust by 405.7% during the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company's stock valued at $204,000 after purchasing an additional 5,797 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

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Americold Realty Trust Stock Down 5.0 %

COLD traded down $1.03 during midday trading on Friday, hitting $19.37. 5,810,893 shares of the company's stock traded hands, compared to its average volume of 2,157,049. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $5.51 billion, a PE ratio of -56.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The stock's fifty day simple moving average is $21.75 and its 200-day simple moving average is $23.28. Americold Realty Trust, Inc. has a one year low of $18.83 and a one year high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, equities analysts anticipate 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. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.75%. 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COLD. Raymond James decreased their target price on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Citigroup decreased 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. Finally, Scotiabank upped their target price on Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.