Pictet Asset Management Holding SA Sells 202,303 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Pictet Asset Management Holding SA reduced its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,301,943 shares of the company’s stock after selling 202,303 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Americold Realty Trust were worth $27,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC boosted its position in Americold Realty Trust by 87.2% during the third quarter. Cerity Partners LLC now owns 54,873 shares of the company’s stock worth $1,551,000 after purchasing an additional 25,554 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Americold Realty Trust by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company’s stock worth $53,367,000 after buying an additional 47,795 shares during the period. PEAK6 Investments LLC acquired a new position in Americold Realty Trust in the 3rd quarter valued at about $261,000. Captrust Financial Advisors raised its holdings in Americold Realty Trust by 27.2% in the 3rd quarter. Captrust Financial Advisors now owns 18,545 shares of the company’s stock valued at $524,000 after acquiring an additional 3,969 shares during the period. Finally, Cinctive Capital Management LP acquired a new stake in Americold Realty Trust during the third quarter worth approximately $2,624,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Trading Down 1.8 %

COLD opened at $21.49 on Tuesday. 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, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of -63.19, a P/E/G ratio of 1.66 and a beta of 0.57. The company has a 50-day simple moving average of $21.85 and a 200 day simple moving average of $23.43.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.28%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

Wall Street Analyst Weigh In

Several research firms have recently commented on COLD. Raymond James decreased their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Truist Financial lowered their price objective 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. Citigroup reduced their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Scotiabank raised their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.82.

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.