American Century Companies Inc. Raises Position in Americold Realty Trust, Inc. (NYSE:COLD)

American Century Companies Inc. lifted its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 14.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,061,204 shares of the company’s stock after buying an additional 392,862 shares during the period. American Century Companies Inc.’s holdings in Americold Realty Trust were worth $65,510,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. FMR LLC raised its position in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares during the period. PGGM Investments grew its stake in shares of Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock valued at $118,961,000 after buying an additional 655,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Americold Realty Trust by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock worth $88,932,000 after buying an additional 255,632 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Americold Realty Trust by 78.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock worth $53,975,000 after acquiring an additional 1,109,528 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Americold Realty Trust by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company’s stock valued at $53,367,000 after acquiring an additional 47,795 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.4 %

Americold Realty Trust stock opened at $21.51 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.12 billion, a P/E ratio of -63.26, a P/E/G ratio of 1.66 and a beta of 0.57. The business has a fifty day moving average of $21.80 and a two-hundred day moving average of $23.69. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve 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 analysts’ consensus estimates 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 firm had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. On average, analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s payout ratio is presently -270.59%.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. Truist Financial decreased their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Raymond James lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Citigroup reduced their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, Scotiabank boosted their price target 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.82.

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.