Hsbc Holdings PLC Boosts Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Hsbc Holdings PLC grew its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,508 shares of the company’s stock after purchasing an additional 54,632 shares during the period. Hsbc Holdings PLC’s holdings in Americold Realty Trust were worth $5,058,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Arizona State Retirement System boosted its stake in shares of Americold Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock valued at $1,677,000 after purchasing an additional 644 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Americold Realty Trust by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company’s stock worth $2,674,000 after acquiring an additional 780 shares in the last quarter. Capital Insight Partners LLC boosted its stake in Americold Realty Trust by 7.2% during the fourth quarter. Capital Insight Partners LLC now owns 17,022 shares of the company’s stock worth $364,000 after acquiring an additional 1,140 shares in the last quarter. Garner Asset Management Corp boosted its stake in Americold Realty Trust by 3.1% during the fourth quarter. Garner Asset Management Corp now owns 37,949 shares of the company’s stock worth $812,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Americold Realty Trust during the fourth quarter worth about $25,000. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on COLD shares. Scotiabank dropped their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 10th. Citigroup dropped their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Americold Realty Trust Stock Up 1.2 %

COLD opened at $20.13 on Tuesday. 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 50 day moving average price of $20.94 and a 200-day moving average price of $22.17. Americold Realty Trust, Inc. has a twelve month low of $16.67 and a twelve month high of $30.45. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of -59.20, a PEG ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $684.03 million. Equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Friday, March 28th. Americold Realty Trust’s dividend payout ratio is currently -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.