Vestcor Inc Takes $86,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

Vestcor Inc bought a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,042 shares of the company’s stock, valued at approximately $86,000.

Several other hedge funds have also recently made changes to their positions in COLD. Arizona State Retirement System grew its stake in Americold Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock worth $1,677,000 after purchasing an additional 644 shares during the period. Moors & Cabot Inc. grew its stake in Americold Realty Trust by 4.0% in the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock worth $510,000 after purchasing an additional 700 shares during the period. KBC Group NV grew its stake in Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after purchasing an additional 845 shares during the period. MML Investors Services LLC grew its stake in Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after purchasing an additional 882 shares during the period. Finally, Assetmark Inc. grew its stake in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Trading Up 0.9 %

Shares of NYSE:COLD opened at $22.15 on Wednesday. The company has a market cap of $6.30 billion, a P/E ratio of -65.13, a PEG ratio of 1.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The stock’s fifty day moving average price is $21.75 and its 200-day moving average price is $23.90.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The firm 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%. Sell-side analysts expect 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. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This is an increase 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 4.15%. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Analyst Ratings Changes

Several brokerages recently weighed in on COLD. Truist Financial reduced their price target on 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. Scotiabank upped their price target on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. Raymond James cut their target price on 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. Finally, Citigroup cut their target price on 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

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.