Vestcor Inc Buys Shares of 4,042 Americold Realty Trust, Inc. (NYSE:COLD)

Vestcor Inc bought a new stake in Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,042 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its position in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares in the last quarter. Venturi Wealth Management LLC increased its position in Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after buying an additional 2,033 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in Americold Realty Trust in the third quarter worth about $55,000. EverSource Wealth Advisors LLC increased its position in Americold Realty Trust by 3,946.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock worth $126,000 after buying an additional 5,723 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Americold Realty Trust by 100.6% in the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company’s stock worth $167,000 after buying an additional 3,903 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on COLD shares. Raymond James reduced their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Citigroup cut their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Scotiabank increased their target price on 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. Finally, Truist Financial cut their target price on 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Americold Realty Trust Stock Performance

NYSE COLD opened at $22.15 on Wednesday. The stock has a market capitalization of $6.30 billion, a PE ratio of -65.13, a P/E/G ratio of 1.66 and a beta of 0.57. The business has a 50 day simple moving average of $21.75 and a two-hundred day simple moving average of $23.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45.

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

Americold Realty Trust Increases Dividend

The business also recently disclosed 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 represents a $0.92 annualized dividend and a dividend yield of 4.15%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -258.82%.

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.