Bank of New York Mellon Corp Increases Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Bank of New York Mellon Corp increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,226,026 shares of the company’s stock after purchasing an additional 29,580 shares during the period. Bank of New York Mellon Corp owned 0.43% of Americold Realty Trust worth $26,237,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of COLD. Assetmark Inc. raised its holdings in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Americold Realty Trust by 139.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 126,630 shares of the company’s stock worth $3,580,000 after purchasing an additional 73,792 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Americold Realty Trust by 9.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock valued at $39,936,000 after buying an additional 123,776 shares during the last quarter. KBC Group NV boosted its position in Americold Realty Trust by 12.8% in the 3rd 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. Finally, Metis Global Partners LLC boosted its position in Americold Realty Trust by 27.0% in the 3rd quarter. Metis Global Partners LLC now owns 26,913 shares of the company’s stock valued at $761,000 after buying an additional 5,718 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 0.8 %

Americold Realty Trust stock opened at $22.67 on Monday. The company has a 50 day moving average price of $21.74 and a 200 day moving average price of $24.31. Americold Realty Trust, Inc. has a 52 week low of $20.41 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 firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -66.66, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $684.03 million. Research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. Americold Realty Trust’s payout ratio is -258.82%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COLD. Citigroup reduced their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Truist Financial dropped their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Barclays decreased their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Raymond James decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

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.