American Century Companies Inc. Increases Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

American Century Companies Inc. grew its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,061,204 shares of the company’s stock after purchasing an additional 392,862 shares during the quarter. American Century Companies Inc. owned approximately 1.08% of Americold Realty Trust worth $65,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new stake in Americold Realty Trust during the third quarter valued at approximately $55,000. Venturi Wealth Management LLC grew its position in shares of Americold Realty Trust by 1,081.4% during the 4th 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 during the period. Vestcor Inc purchased a new stake in shares of Americold Realty Trust in the 4th quarter worth $86,000. EverSource Wealth Advisors LLC raised 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 worth $126,000 after purchasing an additional 5,723 shares during the period. Finally, Point72 DIFC Ltd lifted its position in Americold Realty Trust by 405.7% during the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after purchasing an additional 5,797 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COLD. Citigroup decreased their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Scotiabank lifted their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Raymond James dropped their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Truist Financial lowered their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $28.82.

Americold Realty Trust Stock Down 0.4 %

Shares of COLD stock opened at $21.51 on Wednesday. The stock has a market cap of $6.12 billion, a P/E ratio of -63.26, a PEG ratio of 1.66 and a beta of 0.57. The company’s fifty day simple moving average is $21.80 and its two-hundred day simple moving average is $23.69. 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, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its 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. The company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s 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.