Slow Capital Inc. lifted its stake in shares of Americold Realty Trust (NYSE:COLD – Get Rating) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,889 shares of the company’s stock after buying an additional 2,853 shares during the quarter. Slow Capital Inc.’s holdings in Americold Realty Trust were worth $816,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Whittier Trust Co. acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at $26,000. National Bank of Canada FI acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at $27,000. Parallel Advisors LLC increased its holdings in shares of Americold Realty Trust by 158.9% in the 4th quarter. Parallel Advisors LLC now owns 1,476 shares of the company’s stock valued at $48,000 after acquiring an additional 906 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Americold Realty Trust by 63.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,726 shares of the company’s stock valued at $57,000 after acquiring an additional 667 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Americold Realty Trust by 117.8% in the 4th quarter. Signaturefd LLC now owns 2,106 shares of the company’s stock valued at $69,000 after acquiring an additional 1,139 shares during the period.
Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Americold Realty Trust from $30.00 to $27.00 and set an “underweight” rating on the stock in a report on Friday, April 1st. TheStreet downgraded Americold Realty Trust from a “c-” rating to a “d+” rating in a research note on Thursday, March 17th. Bank of America cut Americold Realty Trust from a “buy” rating to an “underperform” rating and reduced their price target for the company from $35.00 to $30.00 in a report on Wednesday, January 19th. JPMorgan Chase & Co. cut Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $30.00 in a report on Friday, February 25th. Finally, Evercore ISI initiated coverage on Americold Realty Trust in a report on Thursday, January 20th. They issued an “outperform” rating and a $34.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.36.
Americold Realty Trust stock traded down $1.51 during mid-day trading on Friday, hitting $26.38. 2,788,766 shares of the company were exchanged, compared to its average volume of 1,749,556. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.17 and a current ratio of 0.17. The business’s 50 day simple moving average is $27.49 and its two-hundred day simple moving average is $29.37. Americold Realty Trust has a 12-month low of $25.09 and a 12-month high of $40.85.
Americold Realty Trust (NYSE:COLD – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $716.50 million during the quarter, compared to analysts’ expectations of $722.10 million. Americold Realty Trust had a negative net margin of 1.12% and a negative return on equity of 0.78%. Americold Realty Trust’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, analysts anticipate that Americold Realty Trust will post 0.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Wednesday, March 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -733.27%.
About Americold Realty Trust (Get Rating)
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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