Van ECK Associates Corp Sells 8,939 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Van ECK Associates Corp trimmed its stake in Americold Realty Trust, Inc. (NYSE:COLDGet Rating) by 36.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,586 shares of the company’s stock after selling 8,939 shares during the period. Van ECK Associates Corp’s holdings in Americold Realty Trust were worth $383,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Venture Visionary Partners LLC bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $27,000. Wipfli Financial Advisors LLC bought a new stake in shares of Americold Realty Trust during the 3rd quarter worth approximately $45,000. SeaCrest Wealth Management LLC bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $69,000. Quadrant Capital Group LLC lifted its stake in shares of Americold Realty Trust by 144.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,363 shares of the company’s stock worth $101,000 after acquiring an additional 1,986 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Americold Realty Trust by 24.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,047 shares of the company’s stock worth $124,000 after acquiring an additional 989 shares during the last quarter. 98.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP James C. Snyder, Jr. sold 3,400 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $29.86, for a total transaction of $101,524.00. Following the transaction, the executive vice president now directly owns 36,812 shares in the company, valued at approximately $1,099,206.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Americold Realty Trust Trading Down 1.3 %

Shares of NYSE:COLD opened at $30.76 on Wednesday. Americold Realty Trust, Inc. has a 12-month low of $21.49 and a 12-month high of $32.99. The business’s fifty day simple moving average is $29.10 and its 200-day simple moving average is $28.69. The company has a market capitalization of $8.29 billion, a PE ratio of -279.64, a P/E/G ratio of 3.46 and a beta of 0.46. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.14.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.88 annualized dividend and a yield of 2.86%. Americold Realty Trust’s dividend payout ratio (DPR) is -800.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial downgraded Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a report on Tuesday. Exane BNP Paribas assumed coverage on Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating on the stock. Bank of America upgraded Americold Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $27.50 to $33.50 in a report on Monday, November 14th. BNP Paribas assumed coverage on Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating and a $38.00 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on Americold Realty Trust from $34.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.19.

Americold Realty Trust Company Profile

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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.

See Also

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

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