APG Asset Management US Inc. Sells 3,405 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

APG Asset Management US Inc. reduced its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,391,300 shares of the company’s stock after selling 3,405 shares during the period. Americold Realty Trust accounts for about 2.7% of APG Asset Management US Inc.’s investment portfolio, making the stock its 13th largest holding. APG Asset Management US Inc. owned about 0.06% of Americold Realty Trust worth $350,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COLD. Norges Bank bought a new position in shares of Americold Realty Trust during the fourth quarter valued at $478,674,000. Invesco Ltd. grew its holdings in shares of Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock valued at $68,761,000 after buying an additional 2,304,867 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock valued at $63,151,000 after acquiring an additional 1,678,949 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings 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 acquiring an additional 1,109,528 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its position in Americold Realty Trust by 207.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,224,180 shares of the company’s stock valued at $26,197,000 after acquiring an additional 825,809 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $17.48 on Wednesday. The company’s 50-day moving average price is $21.49 and its 200-day moving average price is $23.02. The company has a market cap of $4.97 billion, a P/E ratio of -51.40, a P/E/G ratio of 1.66 and a beta of 0.77. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a twelve month low of $17.27 and a twelve month high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS 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 company had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date is Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.26%. Americold Realty Trust’s dividend payout ratio is -270.59%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on COLD shares. Citigroup decreased their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Scotiabank increased 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. Finally, Raymond James dropped their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.82.

Americold Realty Trust 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.