KLP Kapitalforvaltning AS Invests $1.20 Million in Americold Realty Trust, Inc. (NYSE:COLD)

KLP Kapitalforvaltning AS bought a new position in Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,600 shares of the company’s stock, valued at approximately $1,200,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its holdings in shares of Americold Realty Trust by 139.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after acquiring an additional 35,973 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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. Bank of New York Mellon Corp raised its stake in Americold Realty Trust by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock valued at $26,237,000 after purchasing an additional 29,580 shares in the last quarter. AGF Management Ltd. bought a new position in Americold Realty Trust during the fourth quarter valued at $2,326,000. Finally, TCW Group Inc. grew its stake in shares of Americold Realty Trust by 21.6% in the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock worth $1,731,000 after buying an additional 14,386 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

COLD opened at $21.87 on Friday. The business has a fifty day moving average of $21.84 and a 200 day moving average of $23.52. The stock has a market cap of $6.22 billion, a P/E ratio of -64.31, a PEG ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45.

Americold Realty Trust (NYSE:COLD) last issued its 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 during the quarter, compared to analyst estimates of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COLD. Scotiabank upped their target price 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. Citigroup decreased their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Raymond James dropped their target price 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. Finally, Truist Financial decreased their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average 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.