California Public Employees Retirement System reduced its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 499,129 shares of the company’s stock after selling 17,833 shares during the period. California Public Employees Retirement System owned about 0.18% of Americold Realty Trust worth $16,122,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Americold Realty Trust during the 2nd quarter worth $35,000. Quarry LP bought a new position in shares of Americold Realty Trust in the first quarter worth $34,000. Capital Advisors Ltd. LLC grew its stake in shares of Americold Realty Trust by 57,700.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,734 shares of the company’s stock worth $56,000 after purchasing an additional 1,731 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Americold Realty Trust by 185.7% in the fourth quarter. Lazard Asset Management LLC now owns 3,083 shares of the company’s stock worth $87,000 after purchasing an additional 2,004 shares in the last quarter. Finally, Ninepoint Partners LP bought a new position in shares of Americold Realty Trust in the second quarter worth $129,000. 98.14% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on COLD shares. Evercore ISI decreased their price target on Americold Realty Trust from $37.00 to $35.00 in a research note on Monday, October 9th. Barclays increased their price target on Americold Realty Trust from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 25th. Finally, Royal Bank of Canada decreased their target price on Americold Realty Trust from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $34.33.
Americold Realty Trust Trading Up 0.9 %
Shares of NYSE COLD opened at $27.39 on Monday. Americold Realty Trust, Inc. has a 12 month low of $24.31 and a 12 month high of $33.90. The company has a market cap of $7.77 billion, a price-to-earnings ratio of -68.48, a P/E/G ratio of 1.68 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $28.54 and a 200-day simple moving average of $30.46.
Americold Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, September 28th. Americold Realty Trust’s dividend payout ratio is currently -220.00%.
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 243 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.
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