AGF Management Ltd. Acquires Shares of 108,682 Americold Realty Trust, Inc. (NYSE:COLD)

AGF Management Ltd. bought a new position in Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 108,682 shares of the company’s stock, valued at approximately $2,326,000.

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in 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 worth $39,936,000 after acquiring an additional 123,776 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after acquiring an additional 35,973 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 worth $110,255,000 after acquiring an additional 165,667 shares in the last quarter. TCW Group Inc. boosted its holdings in shares of Americold Realty Trust by 21.6% during the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock worth $1,731,000 after buying an additional 14,386 shares during the period. Finally, SG Americas Securities LLC grew its stake in Americold Realty Trust by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock valued at $1,139,000 after buying an additional 17,295 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COLD has been the topic of a number of research analyst reports. Raymond James lowered their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Scotiabank raised their target price on shares of 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. Citigroup lowered their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. 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. Finally, Barclays lowered their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $29.25.

Americold Realty Trust Price Performance

NYSE:COLD opened at $21.39 on Friday. The company has a 50-day moving average of $21.73 and a 200-day moving average of $24.13. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of -62.90, a PEG 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 released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -258.82%.

Americold Realty Trust Company 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.