Cetera Trust Company N.A Purchases New Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Cetera Trust Company N.A acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,425 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. VisionPoint Advisory Group LLC boosted its position in Americold Realty Trust by 74.1% during the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of Americold Realty Trust during the 3rd quarter worth $33,000. Quarry LP bought a new stake in shares of Americold Realty Trust during the 1st quarter worth $34,000. Signaturefd LLC grew its stake in Americold Realty Trust by 23.8% in the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock valued at $84,000 after buying an additional 528 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Americold Realty Trust by 185.7% in the 4th quarter. Lazard Asset Management LLC now owns 3,083 shares of the company’s stock worth $87,000 after acquiring an additional 2,004 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $22.84 on Monday. The business has a fifty day moving average of $25.27 and a 200-day moving average of $27.23. The firm has a market cap of $6.49 billion, a PE ratio of -18.88, a price-to-earnings-growth ratio of 2.02 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17. Americold Realty Trust, Inc. has a twelve month low of $22.59 and a twelve month high of $33.90.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is presently -72.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, February 29th. Scotiabank started coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 target price on the stock. Royal Bank of Canada reduced their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Barclays dropped their price objective on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

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