Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 23.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,877 shares of the company’s stock after purchasing an additional 36,101 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Americold Realty Trust were worth $2,165,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COLD. Ameriflex Group Inc. acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth about $26,000. Geneos Wealth Management Inc. raised its position in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after buying an additional 948 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 942 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Americold Realty Trust by 106.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock valued at $36,000 after buying an additional 1,432 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.
Americold Realty Trust Stock Performance
Shares of COLD stock opened at $15.90 on Friday. The company’s fifty day simple moving average is $15.03 and its 200-day simple moving average is $13.38. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $17.12. The company has a market cap of $4.54 billion, a PE ratio of -40.77 and a beta of 0.96.
Americold Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.8%. Americold Realty Trust’s payout ratio is currently -235.90%.
Analyst Ratings Changes
Several analysts have commented on COLD shares. Evercore raised shares of Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Friday, June 26th. Royal Bank Of Canada increased their price target on Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $15.00 price objective on Americold Realty Trust in a report on Friday, May 8th. Barclays upped their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.79.
Check Out Our Latest Stock Analysis 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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