15,313 Shares in Americold Realty Trust, Inc. (NYSE:COLD) Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in Americold Realty Trust, Inc. (NYSE:COLD) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 15,313 shares of the company’s stock, valued at approximately $328,000.

Several other large investors also recently added to or reduced their stakes in COLD. Invesco Ltd. lifted its stake in shares of Americold Realty Trust by 253.8% in the 4th 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 during the last quarter. Employees Retirement System of Texas raised its holdings in Americold Realty Trust by 6.7% during the fourth quarter. Employees Retirement System of Texas now owns 237,868 shares of the company’s stock valued at $50,904,000 after buying an additional 15,000 shares in the last quarter. FMR LLC lifted its position in shares of Americold Realty Trust by 0.9% in the fourth quarter. FMR LLC now owns 13,382,883 shares of the company’s stock worth $286,394,000 after buying an additional 121,452 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Americold Realty Trust during the 4th quarter valued at about $86,000. Finally, Envestnet Asset Management Inc. raised its stake 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 in the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Trading Down 0.7 %

Shares of COLD opened at $19.31 on Wednesday. The stock’s 50-day moving average price is $21.24 and its 200 day moving average price is $22.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of -56.78, a P/E/G ratio of 1.66 and a beta of 0.77. Americold Realty Trust, Inc. has a 12-month low of $16.67 and a 12-month high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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 business had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. As a group, research analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The firm also recently disclosed 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.77%. 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%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Scotiabank dropped their target price on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 10th. Finally, Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.