Charles Schwab Investment Management Inc. Increases Position in Americold Realty Trust, Inc. (NYSE:COLD)

Charles Schwab Investment Management Inc. grew its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,155,686 shares of the company’s stock after buying an additional 255,632 shares during the period. Charles Schwab Investment Management Inc. owned 1.46% of Americold Realty Trust worth $88,932,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Americold Realty Trust in the 3rd quarter valued at $55,000. Venturi Wealth Management LLC boosted its holdings in shares of Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Americold Realty Trust by 405.7% in the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after buying an additional 5,797 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Americold Realty Trust by 12.8% in the 3rd quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after buying an additional 845 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 0.8 %

COLD stock opened at $22.67 on Monday. 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 capitalization of $6.45 billion, a PE ratio of -66.66, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. 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 fifty day moving average of $21.74 and a 200-day moving average of $24.31.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. As a group, analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.88%. Americold Realty Trust’s dividend payout ratio is presently -258.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COLD. Citigroup lowered their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Barclays decreased their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Raymond James decreased their price target on shares of 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. Royal Bank of Canada decreased their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Truist Financial decreased their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $29.17.

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.