Americold Realty Trust, Inc. (NYSE:COLD) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,883,041 shares of the company’s stock after acquiring an additional 268,520 shares during the quarter. William Blair Investment Management LLC owned about 0.66% of Americold Realty Trust worth $40,297,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Americold Realty Trust during the third quarter valued at approximately $55,000. Venturi Wealth Management LLC boosted its holdings 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 bought a new stake in Americold Realty Trust during the fourth quarter worth approximately $86,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Americold Realty Trust by 3,946.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock worth $126,000 after buying an additional 5,723 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 2.7 %

Americold Realty Trust stock opened at $21.96 on Tuesday. The company has a 50 day moving average price of $21.73 and a 200 day moving average price of $24.00. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of -64.60, a P/E/G ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $684.03 million. Research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.19%. Americold Realty Trust’s payout ratio is currently -258.82%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Barclays reduced their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Raymond James reduced their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Truist Financial reduced their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $29.25.

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.