Americold Realty Trust, Inc. (NYSE:COLD) Stake Increased by IFP Advisors Inc

IFP Advisors Inc increased its stake in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 410.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,566 shares of the company’s stock after buying an additional 1,259 shares during the period. IFP Advisors Inc’s holdings in Americold Realty Trust were worth $49,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in Americold Realty Trust by 12.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,214 shares of the company’s stock valued at $341,000 after purchasing an additional 1,370 shares during the last quarter. Bank of Montreal Can grew its position in shares of Americold Realty Trust by 4.0% during the first quarter. Bank of Montreal Can now owns 70,576 shares of the company’s stock worth $1,970,000 after acquiring an additional 2,715 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Americold Realty Trust in the 1st quarter worth about $149,000. Great West Life Assurance Co. Can increased its holdings in shares of Americold Realty Trust by 2.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 227,009 shares of the company’s stock worth $6,570,000 after acquiring an additional 5,684 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Americold Realty Trust by 29.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,735,991 shares of the company’s stock worth $76,279,000 after acquiring an additional 619,710 shares during the period. Institutional investors own 98.98% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD opened at $29.41 on Thursday. Americold Realty Trust, Inc. has a 52-week low of $21.49 and a 52-week high of $32.99. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $28.77 and a 200 day moving average price of $29.24. The firm has a market capitalization of $7.95 billion, a PE ratio of -1,470.50, a P/E/G ratio of 6.17 and a beta of 0.50.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.99%. Americold Realty Trust’s dividend payout ratio (DPR) is -4,400.00%.

Wall Street Analyst Weigh In

COLD has been the topic of a number of analyst reports. Barclays raised shares of Americold Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $30.00 to $32.00 in a report on Thursday, March 23rd. Royal Bank of Canada raised shares of Americold Realty Trust from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $36.00 in a report on Monday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Americold Realty Trust from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, April 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $33.94.

Americold Realty Trust Profile

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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.