Russell Investments Group Ltd. lifted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) by 75.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,656,710 shares of the company’s stock after buying an additional 1,146,165 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.98% of Americold Realty Trust worth $85,699,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in COLD. Vanguard Group Inc. boosted its stake in Americold Realty Trust by 1.0% in the first quarter. Vanguard Group Inc. now owns 37,799,071 shares of the company’s stock valued at $1,053,839,000 after acquiring an additional 365,487 shares in the last quarter. BlackRock Inc. boosted its holdings in Americold Realty Trust by 1.0% in the first quarter. BlackRock Inc. now owns 18,169,122 shares of the company’s stock worth $516,912,000 after acquiring an additional 183,010 shares in the last quarter. Norges Bank purchased a new stake in shares of Americold Realty Trust during the fourth quarter worth about $441,452,000. State Street Corp raised its position in shares of Americold Realty Trust by 0.9% in the 1st quarter. State Street Corp now owns 11,566,981 shares of the company’s stock valued at $331,574,000 after purchasing an additional 106,255 shares during the last quarter. Finally, Capital Research Global Investors grew its position in Americold Realty Trust by 30.4% during the 1st quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock worth $243,239,000 after purchasing an additional 2,034,178 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on COLD shares. Evercore ISI cut their target price on Americold Realty Trust from $37.00 to $35.00 in a research report on Monday, October 9th. Royal Bank of Canada reduced their price target on shares of Americold Realty Trust from $38.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, November 7th. Finally, Barclays increased their price objective on shares of Americold Realty Trust from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.
Americold Realty Trust Stock Performance
Shares of NYSE COLD opened at $27.15 on Friday. The company has a market capitalization of $7.70 billion, a PE ratio of -67.88, a price-to-earnings-growth ratio of 1.68 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.17. The company’s fifty day moving average price is $28.65 and its 200 day moving average price is $30.46. Americold Realty Trust, Inc. has a 1 year low of $24.31 and a 1 year high of $33.90.
Americold Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, September 28th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -220.00%.
Americold Realty Trust Company Profile
Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 242 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.
- Five stocks we like better than Americold Realty Trust
- How to Invest in Fertilizer
- Williams-Sonoma is a steal for buy-and-hold investors
- How to Analyze Restaurant Stocks
- A closer look at Warren Buffett’s latest surprise purchase
- Consumer Staples Stocks, Explained
- GE stock surges to six-year high: What’s behind the move?
Receive News & Ratings for Americold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.