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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in Americold Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock worth $1,677,000 after acquiring an additional 644 shares in the last quarter. Capital Insight Partners LLC lifted its position in shares of Americold Realty Trust by 7.2% during the fourth quarter. Capital Insight Partners LLC now owns 17,022 shares of the company’s stock worth $364,000 after purchasing an additional 1,140 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust in the fourth quarter worth about $25,000. State of Alaska Department of Revenue increased its holdings in Americold Realty Trust by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 137,072 shares of the company’s stock valued at $2,932,000 after buying an additional 1,339 shares during the last quarter. Finally, Xponance Inc. raised its stake in Americold Realty Trust by 14.7% during the fourth quarter. Xponance Inc. now owns 12,980 shares of the company’s stock valued at $278,000 after buying an additional 1,663 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on COLD. Citigroup decreased their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Scotiabank decreased their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating for the company in a report on Thursday, April 10th. Finally, Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $18.73 on Tuesday. The stock has a market cap of $5.33 billion, a P/E ratio of -55.07, a P/E/G ratio of 1.66 and a beta of 0.95. The firm’s 50-day simple moving average is $20.64 and its 200 day simple moving average is $21.91. Americold Realty Trust, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Equities analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.91%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. Americold Realty Trust’s dividend payout ratio is -270.59%.

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.