Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 243,315 shares of the company’s stock after selling 1,795 shares during the quarter. Franklin Resources Inc.’s holdings in Americold Realty Trust were worth $5,207,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd raised its holdings in Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after acquiring an additional 35,973 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock worth $26,237,000 after purchasing an additional 29,580 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Americold Realty Trust by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock valued at $88,932,000 after purchasing an additional 255,632 shares in the last quarter. AGF Management Ltd. bought a new position in shares of Americold Realty Trust during the fourth quarter worth about $2,326,000. Finally, TCW Group Inc. grew its stake in Americold Realty Trust by 21.6% in the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock worth $1,731,000 after purchasing an additional 14,386 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $18.85 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 firm has a market capitalization of $5.36 billion, a PE ratio of -55.44, a P/E/G ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45. The business’s fifty day moving average price is $21.34 and its two-hundred day moving average price is $22.86.

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, topping analysts’ consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to analysts’ expectations 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, research analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS 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. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.88%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. Americold Realty Trust’s dividend payout ratio is -270.59%.

Wall Street Analysts Forecast Growth

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

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.