Americold Realty Trust, Inc. (NYSE:COLD) Position Increased by TCW Group Inc.

TCW Group Inc. increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 21.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 80,892 shares of the company’s stock after buying an additional 14,386 shares during the quarter. TCW Group Inc.’s holdings in Americold Realty Trust were worth $1,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its holdings in Americold Realty Trust by 17.3% during the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after buying an additional 689 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after buying an additional 700 shares in the last quarter. KBC Group NV raised its holdings in Americold Realty Trust by 12.8% during the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after buying an additional 845 shares in the last quarter. MML Investors Services LLC raised its holdings in Americold Realty Trust by 1.8% during the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after buying an additional 882 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Americold Realty Trust by 29.5% during the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock valued at $110,000 after buying an additional 883 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 1.0 %

COLD stock opened at $22.32 on Tuesday. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45. The company has a market cap of $6.34 billion, a PE ratio of -65.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61. The business’s 50-day simple moving average is $21.55 and its 200 day simple moving average is $24.67. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. On average, research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -258.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada cut their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Truist Financial lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank lowered their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Robert W. Baird lowered their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Citigroup lowered their price target on 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. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Buying and Selling

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

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.