Syntax Research Inc. Purchases New Position in Americold Realty Trust, Inc. (NYSE:COLD)

Syntax Research Inc. acquired a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 139,182 shares of the company's stock, valued at approximately $2,978,000. Americold Realty Trust comprises 2.1% of Syntax Research Inc.'s portfolio, making the stock its 20th largest holding.

Several other hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC increased its stake in shares of Americold Realty Trust by 1,081.4% during the 4th 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. Loomis Sayles & Co. L P purchased a new position in shares of Americold Realty Trust in the 3rd quarter valued at $55,000. Vestcor Inc purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth about $86,000. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 5,723 shares in the last quarter. Finally, Blue Trust Inc. increased its stake 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 buying an additional 3,903 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COLD has been the topic of a number of recent analyst reports. Scotiabank upped 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 note on Monday, March 10th. Raymond James dropped their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Truist Financial lowered their target price on shares of 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. Finally, Citigroup cut their price objective on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.82.

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Americold Realty Trust Trading Down 0.0 %

Shares of NYSE:COLD traded down $0.01 during midday trading on Friday, hitting $21.87. The company had a trading volume of 3,075,098 shares, compared to its average volume of 2,124,046. The stock 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. The firm has a fifty day simple moving average of $21.84 and a 200 day simple moving average of $23.56. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

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 for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million for 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%. On average, analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The business also recently announced 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 is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.21%. Americold Realty Trust's 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.