Lake Street Advisors Group LLC purchased a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,165 shares of the company’s stock, valued at approximately $361,000.
Several other institutional investors have also added to or reduced their stakes in COLD. Norges Bank purchased a new stake in Americold Realty Trust during the fourth quarter valued at about $441,452,000. Capital Research Global Investors boosted its position in Americold Realty Trust by 30.4% during the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock valued at $243,239,000 after buying an additional 2,034,178 shares during the period. State Street Corp boosted its position in Americold Realty Trust by 17.1% during the first quarter. State Street Corp now owns 11,546,934 shares of the company’s stock valued at $324,412,000 after buying an additional 1,685,692 shares during the period. Russell Investments Group Ltd. boosted its position in Americold Realty Trust by 75.9% during the second quarter. Russell Investments Group Ltd. now owns 2,656,710 shares of the company’s stock valued at $85,699,000 after buying an additional 1,146,165 shares during the period. Finally, Macquarie Group Ltd. boosted its position in Americold Realty Trust by 1,099.0% during the fourth quarter. Macquarie Group Ltd. now owns 1,167,907 shares of the company’s stock valued at $33,025,000 after buying an additional 1,070,502 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
COLD has been the subject of a number of analyst reports. Evercore ISI dropped their target price on shares of Americold Realty Trust from $37.00 to $35.00 in a report on Monday, October 9th. Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, November 7th. Finally, Barclays increased their target price on shares of Americold Realty Trust from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.33.
Americold Realty Trust Stock Up 0.9 %
COLD traded up $0.24 on Friday, hitting $27.39. The company had a trading volume of 2,270,116 shares, compared to its average volume of 1,495,880. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.17 and a quick ratio of 0.17. Americold Realty Trust, Inc. has a 52-week low of $24.31 and a 52-week high of $33.90. The stock has a fifty day simple moving average of $28.54 and a 200-day simple moving average of $30.45. The firm has a market capitalization of $7.77 billion, a P/E ratio of -68.48, a P/E/G ratio of 1.68 and a beta of 0.57.
Americold Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, September 28th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -220.00%.
About Americold Realty Trust
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.
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