Russell Investments Group Ltd. Sells 1,303,307 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Russell Investments Group Ltd. reduced its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,884,652 shares of the company's stock after selling 1,303,307 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.66% of Americold Realty Trust worth $40,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in Americold Realty Trust by 27.2% in the 3rd quarter. Captrust Financial Advisors now owns 18,545 shares of the company's stock worth $524,000 after buying an additional 3,969 shares during the period. HighTower Advisors LLC lifted its position in shares of Americold Realty Trust by 102.5% in the third quarter. HighTower Advisors LLC now owns 19,469 shares of the company's stock valued at $549,000 after acquiring an additional 9,853 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Americold Realty Trust in the third quarter worth about $644,000. XTX Topco Ltd grew its position in shares of Americold Realty Trust by 269.4% during the third quarter. XTX Topco Ltd now owns 42,449 shares of the company's stock worth $1,200,000 after purchasing an additional 30,958 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Americold Realty Trust by 1.8% during the 3rd 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 during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on COLD. Citigroup dropped their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Scotiabank dropped their target price on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Thursday. Finally, Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $26.00 to $21.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded up $0.42 during trading hours on Friday, reaching $19.26. The company's stock had a trading volume of 2,280,557 shares, compared to its average volume of 2,180,788. The firm has a 50 day moving average price of $21.29 and a 200-day moving average price of $22.75. 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 stock 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 one year low of $16.67 and a one year high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. The company had revenue of $666.44 million for the quarter, compared to analysts' expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.78%. Americold Realty Trust's payout ratio is -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.