IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 15,749 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,348 shares of the company’s stock after selling 15,749 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Americold Realty Trust were worth $2,383,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. FMR LLC raised its position in Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after acquiring an additional 3,844,603 shares in the last quarter. PGGM Investments raised its holdings in shares of Americold Realty Trust by 13.4% in the 4th quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock valued at $118,961,000 after purchasing an additional 655,782 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Americold Realty Trust by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock valued at $88,932,000 after purchasing an additional 255,632 shares during the last quarter. American Century Companies Inc. grew its holdings in Americold Realty Trust by 14.7% during the fourth quarter. American Century Companies Inc. now owns 3,061,204 shares of the company’s stock worth $65,510,000 after purchasing an additional 392,862 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after buying an additional 1,678,949 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.7 %

NYSE COLD opened at $21.63 on Thursday. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45. The company has a 50 day moving average of $21.81 and a 200-day moving average of $23.64. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.15 billion, a price-to-earnings ratio of -63.63, a PEG ratio of 1.66 and a beta of 0.57.

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, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, equities research analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s payout ratio is currently -270.59%.

Wall Street Analysts Forecast Growth

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

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.