Vanguard Group Inc. Grows Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Vanguard Group Inc. grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 0.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,796,784 shares of the company’s stock after acquiring an additional 57,596 shares during the quarter. Vanguard Group Inc. owned about 14.03% of Americold Realty Trust worth $929,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in COLD. Lazard Asset Management LLC purchased a new position in shares of Americold Realty Trust in the 3rd quarter valued at about $26,000. Wipfli Financial Advisors LLC purchased a new position in shares of Americold Realty Trust in the 3rd quarter valued at about $45,000. SeaCrest Wealth Management LLC purchased a new position in shares of Americold Realty Trust in the 2nd quarter valued at about $69,000. Quadrant Capital Group LLC grew its stake in 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 buying an additional 1,986 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in 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 buying an additional 989 shares during the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

Americold Realty Trust Trading Up 0.4 %

Shares of COLD stock opened at $28.78 on Tuesday. The business’s 50 day moving average is $30.41 and its two-hundred day moving average is $28.41. Americold Realty Trust, Inc. has a twelve month low of $21.49 and a twelve month high of $32.99. The company has a market capitalization of $7.77 billion, a P/E ratio of -411.14, a price-to-earnings-growth ratio of 5.94 and a beta of 0.49. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.06%. Americold Realty Trust’s dividend payout ratio is currently -1,257.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on COLD shares. Barclays raised their price target on Americold Realty Trust from $28.00 to $30.00 and gave the stock 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 raised their price target for the stock from $27.50 to $33.50 in a research note on Monday, November 14th. BNP Paribas started coverage on Americold Realty Trust in a research note on Wednesday, December 14th. They set an “outperform” rating and a $38.00 price target on the stock. Truist Financial downgraded Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Tuesday, January 17th. Finally, Exane BNP Paribas began coverage on Americold Realty Trust in a research note on Wednesday, December 14th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.79.

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.