Mitsubishi UFJ Asset Management Co. Ltd. Purchases 4,230 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,759 shares of the company’s stock after acquiring an additional 4,230 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Americold Realty Trust worth $3,757,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COLD. Venturi Wealth Management LLC increased its position in shares of Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after buying an additional 2,033 shares during the period. Vestcor Inc acquired a new stake in Americold Realty Trust in the fourth quarter worth $86,000. EverSource Wealth Advisors LLC raised its holdings in shares of Americold Realty Trust by 3,946.9% during the fourth 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. Blue Trust Inc. boosted its holdings in Americold Realty Trust by 100.6% in the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock worth $167,000 after acquiring an additional 3,903 shares in the last quarter. Finally, Point72 DIFC Ltd grew its position in Americold Realty Trust by 405.7% in the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after purchasing an additional 5,797 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 1.6 %

NYSE:COLD opened at $21.11 on Wednesday. The company has a 50 day simple moving average of $21.85 and a two-hundred day simple moving average of $23.43. The company has a market cap of $6.00 billion, a PE ratio of -62.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. 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, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD) 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. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Research analysts forecast 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. Shareholders of record on Friday, March 28th will be paid 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 is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.36%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

Analyst Upgrades and Downgrades

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

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.