Sei Investments Co. Lowers Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Sei Investments Co. decreased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,903,473 shares of the company's stock after selling 113,939 shares during the quarter. Sei Investments Co. owned about 0.67% of Americold Realty Trust worth $40,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in Americold Realty Trust by 14.7% in the 4th quarter. American Century Companies Inc. now owns 3,061,204 shares of the company's stock valued at $65,510,000 after buying an additional 392,862 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Americold Realty Trust by 86.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 92,581 shares of the company's stock valued at $1,981,000 after purchasing an additional 42,879 shares during the last quarter. Berkeley Capital Partners LLC lifted its position in shares of Americold Realty Trust by 15.8% during the fourth quarter. Berkeley Capital Partners LLC now owns 40,714 shares of the company's stock valued at $871,000 after purchasing an additional 5,563 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Americold Realty Trust during the fourth quarter worth about $602,000. Finally, Xponance Inc. boosted its holdings in Americold Realty Trust by 14.7% during the fourth quarter. Xponance Inc. now owns 12,980 shares of the company's stock worth $278,000 after purchasing an additional 1,663 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup lowered their target price on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Scotiabank increased their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday, March 10th. Raymond James decreased their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Finally, Truist Financial dropped their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Americold Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $28.82.

Americold Realty Trust Price Performance

Shares of COLD traded down $0.01 during mid-day trading on Friday, reaching $21.87. The stock had a trading volume of 3,075,098 shares, compared to its average volume of 2,124,046. The business has a fifty day moving average of $21.84 and a 200 day moving average of $23.56. 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 firm has a market cap of $6.22 billion, a price-to-earnings ratio of -64.31, a PEG ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.21%. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. Americold Realty Trust's dividend payout ratio is presently -270.59%.

About Americold Realty Trust

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.