Sterling Capital Management LLC Buys 6,144 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Sterling Capital Management LLC raised its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 56.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,977 shares of the company’s stock after acquiring an additional 6,144 shares during the period. Sterling Capital Management LLC’s holdings in Americold Realty Trust were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust in the 4th quarter valued at $25,000. Venturi Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 2,033 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Americold Realty Trust in the 4th quarter worth about $86,000. Vestcor Inc bought a new stake in Americold Realty Trust during the 4th quarter valued at about $86,000. Finally, Headlands Technologies LLC boosted its position in Americold Realty Trust by 2,681.3% in the 4th quarter. Headlands Technologies LLC now owns 4,311 shares of the company’s stock valued at $92,000 after buying an additional 4,156 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 3.1 %

Shares of NYSE COLD opened at $20.23 on Friday. The business has a fifty day moving average price of $21.09 and a 200 day moving average price of $22.50. Americold Realty Trust, Inc. has a 1-year low of $16.67 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. The stock has a market capitalization of $5.75 billion, a P/E ratio of -59.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

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 analysts’ consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. Equities research analysts expect 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 was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This is an increase 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 4.55%. Americold Realty Trust’s dividend payout ratio is presently -270.59%.

Analyst Ratings Changes

A number of equities analysts have recently commented on COLD shares. Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Scotiabank decreased their target price on Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 10th. Finally, Citigroup dropped their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.