45,813 Shares in Americold Realty Trust, Inc. (NYSE:COLD) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,813 shares of the company’s stock, valued at approximately $980,000.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings 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 worth $48,000 after purchasing an additional 2,033 shares during the last quarter. Blue Trust Inc. grew its holdings in Americold Realty Trust by 100.6% during the 4th quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock valued at $167,000 after buying an additional 3,903 shares in the last quarter. Point72 DIFC Ltd grew its holdings in Americold Realty Trust by 405.7% during the 3rd 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 in the last quarter. Hilltop Holdings Inc. bought a new stake in Americold Realty Trust in the 3rd quarter worth approximately $218,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $239,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COLD has been the topic of a number of research reports. Raymond James reduced their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Citigroup reduced their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Scotiabank upped their price objective on 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Trading Down 5.0 %

NYSE:COLD opened at $19.37 on Friday. The firm has a market cap of $5.51 billion, a P/E ratio of -56.95, a P/E/G ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a one year low of $18.83 and a one year 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 50-day simple moving average of $21.75 and a 200-day simple moving average of $23.28.

Americold Realty Trust (NYSE:COLD) last announced its earnings results 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 business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.75%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio is -270.59%.

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.