Lazard Asset Management LLC Buys New Position in Americold Realty Trust, Inc. (NYSE:COLD)

Lazard Asset Management LLC acquired a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,079 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Square LLC increased its stake in shares of Americold Realty Trust by 2.1% during the 3rd quarter. Capital Square LLC now owns 45,893 shares of the company’s stock valued at $1,128,000 after acquiring an additional 935 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Americold Realty Trust by 8.7% during the 3rd quarter. MML Investors Services LLC now owns 45,171 shares of the company’s stock valued at $1,111,000 after acquiring an additional 3,621 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Americold Realty Trust by 59.1% during the 3rd quarter. Nuveen Asset Management LLC now owns 1,367,085 shares of the company’s stock valued at $33,630,000 after acquiring an additional 507,712 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $3,875,000. Finally, FORA Capital LLC acquired a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $330,000. Institutional investors and hedge funds own 98.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COLD shares. Barclays upped their price objective on shares of Americold Realty Trust from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, February 27th. Bank of America upgraded Americold Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $27.50 to $33.50 in a report on Monday, November 14th. BNP Paribas began coverage on Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating and a $38.00 target price for the company. Truist Financial cut Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Tuesday, January 17th. Finally, Exane BNP Paribas began coverage on Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.79.

Americold Realty Trust Stock Down 1.9 %

NYSE COLD opened at $29.14 on Friday. The stock has a market cap of $7.87 billion, a PE ratio of -416.23, a P/E/G ratio of 6.14 and a beta of 0.49. Americold Realty Trust, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $32.99. The business has a 50 day moving average price of $30.39 and a two-hundred day moving average price of $28.47. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.15.

Americold Realty Trust 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.