CANADA LIFE ASSURANCE Co Increases Position in Americold Realty Trust, Inc. (NYSE:COLD)

CANADA LIFE ASSURANCE Co increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 380,711 shares of the company’s stock after buying an additional 20,306 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Americold Realty Trust were worth $8,144,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC increased its holdings in shares of 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 valued at $48,000 after acquiring an additional 2,033 shares in the last quarter. Vestcor Inc purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at approximately $86,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at approximately $86,000. Finally, Headlands Technologies LLC boosted its stake 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 worth $92,000 after purchasing an additional 4,156 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Americold Realty Trust Trading Up 1.3 %

Shares of Americold Realty Trust stock opened at $19.86 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a twelve month low of $16.67 and a twelve month high of $30.45. The firm has a market capitalization of $5.65 billion, a PE ratio of -58.41, a P/E/G ratio of 1.66 and a beta of 0.77. The firm’s 50-day moving average price is $21.06 and its 200 day moving average price is $22.41.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data 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 company had revenue of $666.44 million for the quarter, compared to analyst estimates 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, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.63%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio is currently -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.