Schroder Investment Management Group Has $30.58 Million Position in Americold Realty Trust, Inc. (NYSE:COLD)

Schroder Investment Management Group boosted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 46.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,457,634 shares of the company’s stock after acquiring an additional 458,935 shares during the period. Schroder Investment Management Group’s holdings in Americold Realty Trust were worth $30,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLD. Brown Brothers Harriman & Co. acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth $25,000. Venturi Wealth Management LLC grew its stake in Americold Realty Trust by 1,081.4% during 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. Vestcor Inc acquired a new stake in Americold Realty Trust during the fourth quarter worth about $86,000. EverSource Wealth Advisors LLC increased its holdings in Americold Realty Trust by 3,946.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock valued at $126,000 after buying an additional 5,723 shares during the period. Finally, Point72 DIFC Ltd raised its position in shares of Americold Realty Trust by 405.7% in the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after buying an additional 5,797 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COLD has been the topic of several analyst reports. Raymond James reduced 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 report on Wednesday, December 11th. Citigroup reduced their target price on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Truist Financial dropped their price objective 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. Finally, Scotiabank raised their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $21.11 on Wednesday. The business has a 50 day moving average of $21.85 and a 200-day moving average of $23.43. The company has a market capitalization of $6.00 billion, a P/E ratio of -62.10, a P/E/G 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 quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million during 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%. On average, equities research analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date 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 4.36%. Americold Realty Trust’s payout ratio is presently -270.59%.

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.