Charles Schwab Investment Management Inc. Has $90.77 Million Stock Position in Americold Realty Trust Inc. (NYSE:COLD)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,229,542 shares of the company’s stock after buying an additional 73,856 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Americold Realty Trust were worth $90,766,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Americold Realty Trust by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock worth $347,167,000 after purchasing an additional 1,169,063 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Americold Realty Trust by 649.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after purchasing an additional 3,603,716 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Americold Realty Trust by 31.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,629,072 shares of the company’s stock worth $77,662,000 after buying an additional 870,973 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its holdings in shares of Americold Realty Trust by 85.6% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company’s stock worth $76,752,000 after buying an additional 1,654,650 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on COLD shares. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. KeyCorp decreased their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. BNP Paribas Exane downgraded shares of Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Thursday, June 12th. Finally, Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.92.

Americold Realty Trust Stock Performance

NYSE COLD opened at $14.69 on Wednesday. The stock has a market cap of $4.18 billion, a P/E ratio of -77.32, a PEG ratio of 2.17 and a beta of 0.81. The company’s 50-day simple moving average is $16.50 and its 200 day simple moving average is $18.90. Americold Realty Trust Inc. has a twelve month low of $14.23 and a twelve month high of $29.79. The company has a quick ratio of 0.13, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $650.75 million for the quarter, compared to analysts’ expectations of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.3%. Americold Realty Trust’s payout ratio is presently -484.21%.

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.