Boothbay Fund Management LLC Trims Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Boothbay Fund Management LLC decreased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 32.3% in the fourth quarter, Holdings Channel reports. The firm owned 216,923 shares of the company’s stock after selling 103,394 shares during the period. Boothbay Fund Management LLC’s holdings in Americold Realty Trust were worth $4,642,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Americold Realty Trust during the 4th quarter valued at $478,674,000. Cohen & Steers Inc. increased its stake in shares of Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after purchasing an additional 4,049,374 shares in the last quarter. Invesco Ltd. lifted its holdings in Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock valued at $68,761,000 after purchasing an additional 2,304,867 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Americold Realty Trust by 132.0% in 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. Finally, Lasalle Investment Management Securities LLC boosted its position in Americold Realty Trust by 85.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company’s stock worth $76,752,000 after acquiring an additional 1,654,650 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD opened at $19.91 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $5.66 billion, a P/E ratio of -58.56, a P/E/G ratio of 1.66 and a beta of 0.77. The stock’s 50 day simple moving average is $20.95 and its 200 day simple moving average is $22.25. Americold Realty Trust, Inc. has a 1-year low of $16.67 and a 1-year high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. As a group, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.62%. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s payout ratio is presently -270.59%.

Analyst Ratings Changes

Several research firms have recently commented on COLD. Scotiabank reduced their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 10th. Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Citigroup cut their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Two 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Americold Realty Trust Company 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.