Johnson Investment Counsel Inc. Makes New $2.01 Million Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Johnson Investment Counsel Inc. acquired a new position in Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,961 shares of the company’s stock, valued at approximately $2,011,000.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. raised its position in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Americold Realty Trust in the third quarter worth $55,000. Venturi Wealth Management LLC raised its position in Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after acquiring an additional 2,033 shares in the last quarter. Point72 DIFC Ltd raised its position in Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock worth $204,000 after acquiring an additional 5,797 shares in the last quarter. Finally, KBC Group NV raised its position in Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after acquiring an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 2.4 %

COLD opened at $21.29 on Wednesday. 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 cap of $6.05 billion, a P/E ratio of -62.61, a PEG ratio of 1.66 and a beta of 0.57. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45. The business’s fifty day simple moving average is $21.75 and its 200 day simple moving average is $24.23.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. As a group, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -258.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COLD. Barclays dropped their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Royal Bank of Canada dropped their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Citigroup dropped their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Raymond James dropped their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Scotiabank raised their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

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.