Boston Partners Has $8.54 Million Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Boston Partners lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 510.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,164 shares of the company’s stock after acquiring an additional 333,742 shares during the period. Boston Partners’ holdings in Americold Realty Trust were worth $8,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in COLD. KBC Group NV raised its stake in shares of Americold Realty Trust by 12.8% in the 3rd quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after purchasing an additional 845 shares during the period. Natixis Advisors LLC grew its holdings in shares of Americold Realty Trust by 7.0% during the third quarter. Natixis Advisors LLC now owns 53,053 shares of the company’s stock worth $1,500,000 after buying an additional 3,456 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Americold Realty Trust in the 3rd quarter valued at approximately $1,696,000. Moors & Cabot Inc. lifted its stake in Americold Realty Trust by 4.0% in the 3rd quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after acquiring an additional 700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after acquiring an additional 165,667 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

NYSE:COLD opened at $21.90 on Friday. Americold Realty Trust, Inc. has a 12-month low of $20.41 and a 12-month high of $30.45. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of -64.40, a P/E/G ratio of 1.66 and a beta of 0.57. The stock’s 50 day moving average price is $21.78 and its two-hundred day moving average price is $23.88. 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 (NYSE:COLD) last posted 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. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. On average, analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.20%. Americold Realty Trust’s payout ratio is -258.82%.

Analyst Upgrades and Downgrades

COLD has been the topic of a number of research reports. Scotiabank boosted their price objective 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. 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 research note on Wednesday, December 11th. Truist Financial reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, Citigroup lowered their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Three 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

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.