Westpac Banking Corp Sells 12,751 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Westpac Banking Corp reduced its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 11.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 101,997 shares of the company's stock after selling 12,751 shares during the period. Westpac Banking Corp's holdings in Americold Realty Trust were worth $2,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC increased its holdings in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after acquiring an additional 2,033 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth about $86,000. Headlands Technologies LLC lifted its holdings in shares of Americold Realty Trust by 2,681.3% during the 4th quarter. Headlands Technologies LLC now owns 4,311 shares of the company's stock valued at $92,000 after purchasing an additional 4,156 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of 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 valued at $126,000 after purchasing an additional 5,723 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

Shares of COLD traded up $2.03 during midday trading on Wednesday, reaching $19.53. The stock had a trading volume of 4,157,204 shares, compared to its average volume of 2,179,729. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $21.39 and a 200-day simple moving average of $22.93. The firm has a market cap of $5.55 billion, a PE ratio of -57.44, 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.

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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 (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 the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.71%. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's dividend payout ratio (DPR) is -270.59%.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of research reports. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $26.00 to $21.00 in a research note on Wednesday. Citigroup cut their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Scotiabank lifted their target price on 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. Finally, 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. Two 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.36.

Americold Realty Trust 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.