abrdn plc Sells 279,383 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

abrdn plc trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 32.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 589,201 shares of the company’s stock after selling 279,383 shares during the quarter. abrdn plc’s holdings in Americold Realty Trust were worth $17,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC raised its position in shares of Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after buying an additional 389 shares in the last quarter. Clearstead Advisors LLC bought a new stake in Americold Realty Trust during the third quarter worth about $33,000. Signaturefd LLC boosted its holdings in shares of Americold Realty Trust by 23.8% in the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock worth $84,000 after purchasing an additional 528 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Americold Realty Trust by 5.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,542 shares of the company’s stock valued at $260,000 after purchasing an additional 423 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $279,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $22.52 on Thursday. The firm has a market cap of $6.40 billion, a PE ratio of -18.61, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. The company’s fifty day simple moving average is $25.09 and its two-hundred day simple moving average is $27.13. 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, Inc. has a 12-month low of $22.51 and a 12-month high of $33.90.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 3.91%. Americold Realty Trust’s dividend payout ratio is presently -72.73%.

Wall Street Analyst Weigh In

COLD has been the topic of a number of recent research reports. KeyCorp reduced their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Raymond James raised shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, February 29th. Royal Bank of Canada lowered their price target on shares of 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. Scotiabank started coverage on Americold Realty Trust in a research note on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 price objective on the stock. Finally, Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $35.00 in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $31.13.

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 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.