Duff & Phelps Investment Management Co. Buys 194,080 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Duff & Phelps Investment Management Co. grew its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,947,335 shares of the company’s stock after purchasing an additional 194,080 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.69% of Americold Realty Trust worth $41,673,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at approximately $478,674,000. FMR LLC grew its holdings in Americold Realty Trust by 40.8% in the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares during the period. PGGM Investments grew its holdings in Americold Realty Trust by 13.4% in the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock worth $118,961,000 after purchasing an additional 655,782 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Americold Realty Trust by 6.6% during the fourth 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 in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 valued at $65,510,000 after purchasing an additional 392,862 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.9 %

COLD stock opened at $21.85 on Friday. The business’s 50-day moving average is $21.84 and its two-hundred day moving average is $23.61. Americold Realty Trust, Inc. has a fifty-two week low of $20.41 and a fifty-two 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. The company has a market cap of $6.21 billion, a price-to-earnings ratio of -64.26, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last issued 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 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 analysts’ expectations of $684.03 million. As a group, analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.21%. Americold Realty Trust’s payout ratio is -270.59%.

Wall Street Analysts Forecast Growth

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

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.