Public Employees Retirement System of Ohio purchased a new position in Americold Realty Trust Inc. (NYSE:COLD – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 408,288 shares of the company’s stock, valued at approximately $6,418,000.
A number of other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the period. Ameriflex Group Inc. acquired a new position in Americold Realty Trust in the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its holdings in Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after acquiring an additional 942 shares during the last quarter. 98.14% of the stock is owned by institutional investors.
Americold Realty Trust Price Performance
Shares of NYSE COLD opened at $14.76 on Wednesday. The firm’s 50-day moving average price is $15.14 and its 200-day moving average price is $13.81. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $16.88. The firm has a market capitalization of $4.21 billion, a P/E ratio of -9.28 and a beta of 0.97. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25.
Americold Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio (DPR) is -57.86%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 price objective on shares of Americold Realty Trust in a research report on Monday, August 17th. Evercore reaffirmed an “outperform” rating and set a $19.00 target price on shares of Americold Realty Trust in a research note on Friday, August 7th. Wells Fargo & Company lifted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Robert W. Baird set a $15.00 price target on Americold Realty Trust in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.63.
Check Out Our Latest Stock Report on COLD
Americold Realty Trust Company Profile
Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.
With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.
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