Berkeley Capital Partners LLC Purchases 5,563 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Berkeley Capital Partners LLC grew its position in Americold Realty Trust, Inc. (NYSE:COLD) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,714 shares of the company’s stock after acquiring an additional 5,563 shares during the period. Berkeley Capital Partners LLC’s holdings in Americold Realty Trust were worth $871,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of COLD. FMR LLC raised its position in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock worth $53,975,000 after purchasing an additional 1,109,528 shares during the last quarter. PGGM Investments raised its position in Americold Realty Trust by 13.4% in the 4th quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock worth $118,961,000 after purchasing an additional 655,782 shares during the last quarter. Boston Partners raised its position in Americold Realty Trust by 510.1% in the 4th quarter. Boston Partners now owns 399,164 shares of the company’s stock worth $8,542,000 after purchasing an additional 333,742 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Americold Realty Trust by 16.6% in the 4th quarter. William Blair Investment Management LLC now owns 1,883,041 shares of the company’s stock worth $40,297,000 after purchasing an additional 268,520 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COLD. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Scotiabank lifted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Raymond James lowered their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Citigroup lowered their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $21.89 on Thursday. Americold Realty Trust, Inc. has a 12-month low of $20.41 and a 12-month high of $30.45. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of -64.39, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average of $21.75 and a 200-day moving average of $23.90.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 4.20%. Americold Realty Trust’s dividend payout ratio is presently -258.82%.

About Americold Realty Trust

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.