Norges Bank Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

Norges Bank bought a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,367,929 shares of the company’s stock, valued at approximately $478,674,000. Norges Bank owned approximately 7.87% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of COLD. Y Intercept Hong Kong Ltd lifted its position in shares of 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 valued at $1,322,000 after acquiring an additional 35,973 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $88,932,000 after purchasing an additional 255,632 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock worth $26,237,000 after purchasing an additional 29,580 shares during the period. AGF Management Ltd. purchased a new stake in Americold Realty Trust during the 4th quarter valued at approximately $2,326,000. Finally, TCW Group Inc. raised its position in shares of Americold Realty Trust by 21.6% during the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after buying an additional 14,386 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 0.0 %

COLD opened at $21.87 on Friday. 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 stock’s 50 day moving average price is $21.84 and its 200-day moving average price is $23.56. Americold Realty Trust, Inc. has a one year low of $20.41 and a one year high of $30.45. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of -64.31, a P/E/G 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 EPS for the quarter, beating 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 company had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. On average, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.21%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COLD. Truist Financial dropped 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 research report on Thursday, December 5th. Citigroup cut their price objective 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. Raymond James decreased their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, Scotiabank increased their price target on 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $28.82.

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.