Xponance Inc. Buys 1,663 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Xponance Inc. increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,980 shares of the company’s stock after buying an additional 1,663 shares during the quarter. Xponance Inc.’s holdings in Americold Realty Trust were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COLD. Venturi Wealth Management LLC grew its holdings 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 bought a new stake in Americold Realty Trust during the third quarter worth about $55,000. Vestcor Inc acquired a new stake in Americold Realty Trust during the fourth quarter worth about $86,000. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 5,723 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Americold Realty Trust by 100.6% in the 4th quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock valued at $167,000 after buying an additional 3,903 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

COLD has been the topic of a number of recent analyst reports. Raymond James decreased their price objective 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. Scotiabank boosted their price target on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Truist Financial dropped their price objective 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. Finally, Citigroup lowered their target price on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.82.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $21.85 on Friday. The stock’s 50-day moving average is $21.84 and its 200-day moving average is $23.61. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45. 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 stock has a market cap of $6.21 billion, a P/E ratio of -64.26, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The firm 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 is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.21%. 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.