Cibc World Markets Corp Buys 6,992 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Cibc World Markets Corp raised its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,080 shares of the company’s stock after acquiring an additional 6,992 shares during the period. Cibc World Markets Corp’s holdings in Americold Realty Trust were worth $1,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust during the 3rd quarter valued at about $55,000. Venturi Wealth Management LLC grew 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 buying 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 approximately $86,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 5,723 shares during the period. Finally, Point72 DIFC Ltd lifted its stake in shares of Americold Realty Trust by 405.7% during the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock worth $204,000 after acquiring an additional 5,797 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $21.29 on Friday. The firm has a 50 day moving average of $21.79 and a 200 day moving average of $23.82. 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 company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -62.60, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. On average, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. 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 dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, March 28th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -258.82%.

Analysts Set New Price Targets

A number of analysts have weighed in on COLD shares. Raymond James reduced their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Citigroup reduced their price target 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. Scotiabank boosted their price objective on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday, March 10th. Finally, Truist Financial reduced their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $29.08.

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.