Townsquare Capital LLC Purchases Shares of 9,417 Americold Realty Trust, Inc. (NYSE:COLD)

Townsquare Capital LLC acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,417 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd increased its position in Americold Realty Trust by 139.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after buying an additional 35,973 shares during the period. JPMorgan Chase & Co. grew its position in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after acquiring an additional 1,678,949 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Americold Realty Trust by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company’s stock valued at $18,352,000 after acquiring an additional 57,248 shares during the period. Bank of New York Mellon Corp raised its position 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 valued at $26,237,000 after purchasing an additional 29,580 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Americold Realty Trust by 6.6% during 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 during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on COLD. Scotiabank dropped their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 10th. Citigroup dropped their price target 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. Finally, Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Two investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Americold Realty Trust Stock Up 1.9 %

Americold Realty Trust stock opened at $20.22 on Thursday. The stock’s 50 day moving average price is $21.02 and its 200 day moving average price is $22.40. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45. The company has a market cap of $5.75 billion, a PE ratio of -59.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. 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 (NYSE:COLD) last issued 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. The company had revenue of $666.44 million for 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%. On average, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.55%. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 28th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

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.