Centersquare Investment Management LLC Purchases 437,341 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Centersquare Investment Management LLC grew its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,796,662 shares of the company’s stock after purchasing an additional 437,341 shares during the period. Centersquare Investment Management LLC’s holdings in Americold Realty Trust were worth $81,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in COLD. Brown Brothers Harriman & Co. acquired a new stake in Americold Realty Trust during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC raised its stake in shares of Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after acquiring an additional 2,033 shares during the last quarter. Vestcor Inc bought a new position in shares of Americold Realty Trust during the fourth quarter valued at $86,000. Headlands Technologies LLC lifted its holdings in shares of Americold Realty Trust by 2,681.3% during the fourth quarter. Headlands Technologies LLC now owns 4,311 shares of the company’s stock worth $92,000 after purchasing an additional 4,156 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake 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 worth $126,000 after purchasing an additional 5,723 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

Shares of COLD opened at $20.38 on Friday. The firm has a market cap of $5.80 billion, a PE ratio of -59.94, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a 52-week low of $20.07 and a 52-week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The business’s 50 day moving average price is $21.79 and its two-hundred day moving average price is $23.34.

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 company had revenue of $666.44 million for 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, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS 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 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 4.51%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -270.59%.

Analysts Set New Price Targets

COLD has been the subject of several analyst reports. Raymond James lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial lowered 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. Scotiabank upped their target price on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Finally, Citigroup lowered their price target 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.82.

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.