Sei Investments Co. Reduces Position in Americold Realty Trust, Inc. (NYSE:COLD)

Sei Investments Co. lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,903,473 shares of the company’s stock after selling 113,939 shares during the period. Sei Investments Co. owned 0.67% of Americold Realty Trust worth $40,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC raised its holdings in shares of Americold Realty Trust by 7.0% in the 3rd quarter. Natixis Advisors LLC now owns 53,053 shares of the company’s stock valued at $1,500,000 after buying an additional 3,456 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Americold Realty Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after buying an additional 165,667 shares during the period. Cerity Partners LLC increased its stake in shares of Americold Realty Trust by 87.2% during the third quarter. Cerity Partners LLC now owns 54,873 shares of the company’s stock worth $1,551,000 after buying an additional 25,554 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Americold Realty Trust in the third quarter valued at approximately $55,000. Finally, FMR LLC lifted its stake in Americold Realty Trust by 40.8% in the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after acquiring an additional 3,844,603 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on COLD. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank increased 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. Raymond James cut their price target on 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. Finally, Citigroup lowered 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.82.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.64 on Tuesday. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of -63.64, a PEG ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The stock’s 50-day moving average is $21.80 and its two-hundred day moving average is $23.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share 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 $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio (DPR) 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.