Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 531,000 shares of the company’s stock after buying an additional 4,300 shares during the quarter. Swiss National Bank’s holdings in Americold Realty Trust were worth $11,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COLD. Loomis Sayles & Co. L P acquired a new position in shares of Americold Realty Trust in the third quarter valued at approximately $55,000. Venturi Wealth Management LLC raised its position in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Americold Realty Trust by 3,946.9% in the fourth 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 last quarter. Point72 DIFC Ltd raised its position in shares of Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after buying an additional 5,797 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on COLD. Raymond James lowered their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Scotiabank boosted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Citigroup lowered their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Finally, Truist Financial lowered their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

Americold Realty Trust Price Performance

COLD opened at $21.90 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. The company has a 50 day moving average of $21.78 and a two-hundred day moving average of $23.88. The company has a market cap of $6.23 billion, a P/E ratio of -64.40, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last announced its earnings results 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. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, analysts expect 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. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.20%. Americold Realty Trust’s dividend payout ratio is -258.82%.

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.