Marshall Wace LLP Grows Position in Americold Realty Trust, Inc. (NYSE:COLD)

Marshall Wace LLP lifted its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 123.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,277,864 shares of the company’s stock after purchasing an additional 705,215 shares during the period. Marshall Wace LLP’s holdings in Americold Realty Trust were worth $27,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $478,674,000. Cohen & Steers Inc. grew its holdings in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after buying an additional 4,049,374 shares in the last quarter. Invesco Ltd. grew its holdings in Americold Realty Trust by 253.8% in the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock valued at $68,761,000 after buying an additional 2,304,867 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Americold Realty Trust by 132.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after acquiring an additional 1,678,949 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position 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 valued at $53,975,000 after acquiring an additional 1,109,528 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $20.23 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -59.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The business has a 50-day moving average of $21.12 and a 200 day moving average of $22.59. Americold Realty Trust, Inc. has a 12 month low of $16.67 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates 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 forecast 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 was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.55%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio is presently -270.59%.

Analyst Ratings Changes

Several research firms recently issued reports on COLD. Scotiabank cut their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 10th. Citigroup decreased their price objective 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. Finally, Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Two equities 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 currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.