Bank of New York Mellon Corp Sells 27,921 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Bank of New York Mellon Corp lessened its stake in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,339,371 shares of the company’s stock after selling 27,921 shares during the quarter. Bank of New York Mellon Corp’s holdings in Americold Realty Trust were worth $32,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in COLD. Lazard Asset Management LLC acquired a new stake in Americold Realty Trust in the third quarter valued at $26,000. Wipfli Financial Advisors LLC acquired a new position in shares of Americold Realty Trust during the 3rd quarter worth approximately $45,000. SeaCrest Wealth Management LLC bought a new position in shares of Americold Realty Trust in the second quarter worth $69,000. Quadrant Capital Group LLC raised its position in Americold Realty Trust by 144.2% during the second quarter. Quadrant Capital Group LLC now owns 3,363 shares of the company’s stock valued at $101,000 after purchasing an additional 1,986 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Americold Realty Trust by 24.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,047 shares of the company’s stock worth $124,000 after buying an additional 989 shares in the last quarter. 98.98% of the stock is owned by institutional investors.

Americold Realty Trust Trading Up 0.4 %

Shares of Americold Realty Trust stock opened at $28.78 on Tuesday. The firm has a market cap of $7.77 billion, a PE ratio of -411.14, a P/E/G ratio of 5.94 and a beta of 0.49. Americold Realty Trust, Inc. has a 1 year low of $21.49 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a fifty day moving average price of $30.41 and a 200-day moving average price of $28.41.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.06%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -1,257.14%.

Wall Street Analyst Weigh In

COLD has been the subject of several recent research reports. BNP Paribas began coverage on Americold Realty Trust in a research note on Wednesday, December 14th. They issued an “outperform” rating and a $38.00 price objective for the company. Bank of America raised shares of Americold Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $27.50 to $33.50 in a research note on Monday, November 14th. Barclays lifted their price target on shares of Americold Realty Trust from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, February 27th. Exane BNP Paribas started coverage on Americold Realty Trust in a report on Wednesday, December 14th. They issued an “outperform” rating for the company. Finally, Truist Financial lowered shares of Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.79.

About Americold Realty Trust

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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.