Nisa Investment Advisors LLC Sells 10,098 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Nisa Investment Advisors LLC reduced its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,173 shares of the company’s stock after selling 10,098 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Americold Realty Trust were worth $2,669,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COLD. VisionPoint Advisory Group LLC lifted its position in Americold Realty Trust by 74.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Americold Realty Trust during the 3rd quarter valued at $33,000. Quarry LP bought a new position in shares of Americold Realty Trust during the 1st quarter valued at $34,000. Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 23.8% during 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 period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Americold Realty Trust by 185.7% during the 4th quarter. Lazard Asset Management LLC now owns 3,083 shares of the company’s stock valued at $87,000 after buying an additional 2,004 shares during the period. 98.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COLD. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Thursday, February 29th. KeyCorp reduced their price objective on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada reduced their price objective on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Barclays reduced their price objective on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 27th. Finally, Scotiabank initiated coverage on Americold Realty Trust in a research note on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Americold Realty Trust Stock Down 2.1 %

COLD opened at $23.94 on Friday. The firm has a 50-day simple moving average of $25.76 and a two-hundred day simple moving average of $27.50. Americold Realty Trust, Inc. has a 52 week low of $23.47 and a 52 week high of $33.90. The company has a market capitalization of $6.79 billion, a PE ratio of -19.78, a price-to-earnings-growth ratio of 2.15 and a beta of 0.52. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -72.73%.

Americold Realty Trust Company Profile

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.