Mitsubishi UFJ Trust & Banking Corp Purchases 9,339 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Americold Realty Trust, Inc. (NYSE:COLDFree Report) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 621,367 shares of the company’s stock after acquiring an additional 9,339 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.22% of Americold Realty Trust worth $18,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Americold Realty Trust in the 4th quarter worth approximately $441,452,000. Capital Research Global Investors grew its stake in shares of Americold Realty Trust by 30.4% in the 1st quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock worth $243,239,000 after buying an additional 2,034,178 shares during the last quarter. State Street Corp grew its stake in shares of Americold Realty Trust by 17.1% in the 1st quarter. State Street Corp now owns 11,546,934 shares of the company’s stock worth $324,412,000 after buying an additional 1,685,692 shares during the last quarter. ExodusPoint Capital Management LP grew its stake in shares of Americold Realty Trust by 983.5% in the 2nd quarter. ExodusPoint Capital Management LP now owns 1,792,325 shares of the company’s stock worth $57,892,000 after buying an additional 1,626,902 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Americold Realty Trust by 75.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,656,710 shares of the company’s stock valued at $85,699,000 after acquiring an additional 1,146,165 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insider Activity

In other news, insider Thomas C. Novosel sold 6,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $28.36, for a total transaction of $170,160.00. Following the transaction, the insider now directly owns 4,616 shares of the company’s stock, valued at approximately $130,909.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Thomas C. Novosel sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $28.36, for a total value of $170,160.00. Following the transaction, the insider now directly owns 4,616 shares of the company’s stock, valued at approximately $130,909.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert Scott Chambers sold 9,100 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $28.22, for a total value of $256,802.00. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COLD shares. JPMorgan Chase & Co. lowered their price objective on Americold Realty Trust from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, December 1st. Barclays lowered their price objective on Americold Realty Trust from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, November 24th. Royal Bank of Canada lowered their price objective on Americold Realty Trust from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. Finally, Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.60.

Check Out Our Latest Research Report on COLD

Americold Realty Trust Price Performance

NYSE COLD opened at $27.86 on Tuesday. The business’s fifty day moving average price is $29.19 and its 200-day moving average price is $29.61. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of -69.65, a PEG ratio of 1.49 and a beta of 0.55. 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 1-year low of $24.31 and a 1-year high of $33.90.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. Americold Realty Trust’s payout ratio is -220.00%.

Americold Realty Trust Profile

(Free Report)

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 243 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.

Further Reading

Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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