Handelsbanken Fonder AB Acquires 7,800 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Handelsbanken Fonder AB grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,700 shares of the company’s stock after purchasing an additional 7,800 shares during the period. Handelsbanken Fonder AB’s holdings in Americold Realty Trust were worth $1,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Americold Realty Trust by 9.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock valued at $39,936,000 after purchasing an additional 123,776 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after purchasing an additional 165,667 shares during the period. SG Americas Securities LLC raised its position in shares of Americold Realty Trust by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock valued at $1,139,000 after purchasing an additional 17,295 shares during the period. Park Avenue Securities LLC raised its position in shares of Americold Realty Trust by 19.6% in the fourth quarter. Park Avenue Securities LLC now owns 21,156 shares of the company’s stock valued at $453,000 after purchasing an additional 3,464 shares during the period. Finally, Foresight Group Ltd Liability Partnership raised its position in shares of Americold Realty Trust by 19.5% in the fourth quarter. Foresight Group Ltd Liability Partnership now owns 87,860 shares of the company’s stock valued at $1,864,000 after purchasing an additional 14,320 shares during the period. Institutional investors own 98.14% of the company’s stock.

Insider Activity

In other news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Scotiabank reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Barclays reduced their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, Robert W. Baird reduced their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Price Performance

COLD stock opened at $22.16 on Wednesday. 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, Inc. has a one year low of $20.41 and a one year high of $30.45. The stock has a market cap of $6.30 billion, a PE ratio of -65.16, a P/E/G ratio of 1.66 and a beta of 0.61. The firm has a 50 day simple moving average of $21.55 and a two-hundred day simple moving average of $24.62.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. On average, analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. Americold Realty Trust’s dividend payout ratio (DPR) is -258.82%.

About Americold Realty Trust

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.