IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.38 Million Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 111,348 shares of the company’s stock after selling 15,749 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Americold Realty Trust were worth $2,383,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of Americold Realty Trust by 87.2% during the 3rd quarter. Cerity Partners LLC now owns 54,873 shares of the company’s stock valued at $1,551,000 after purchasing an additional 25,554 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust in the 3rd quarter valued at about $55,000. FMR LLC lifted its holdings in Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Quantbot Technologies LP boosted its position in Americold Realty Trust by 39.3% during the third quarter. Quantbot Technologies LP now owns 145,956 shares of the company’s stock worth $4,126,000 after purchasing an additional 41,178 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Americold Realty Trust by 2.6% in the third 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 purchasing an additional 47,795 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COLD shares. 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. Truist Financial dropped their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Citigroup reduced their target price on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, Raymond James lowered their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $28.82.

Americold Realty Trust Trading Up 0.7 %

Shares of Americold Realty Trust stock opened at $21.63 on Thursday. The company has a 50 day simple moving average of $21.81 and a two-hundred day simple moving average of $23.64. The firm has a market cap of $6.15 billion, a PE ratio of -63.63, a PEG ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. 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 (NYSE:COLD) last announced its 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 company had revenue of $666.44 million during 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 expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. 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 annualized dividend and a dividend yield of 4.25%. Americold Realty Trust’s dividend payout ratio is -270.59%.

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.