Allspring Global Investments Holdings LLC Sells 20,690 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Allspring Global Investments Holdings LLC lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 52.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,057 shares of the company’s stock after selling 20,690 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Americold Realty Trust were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COLD. VisionPoint Advisory Group LLC raised its holdings in Americold Realty Trust by 74.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. Clearstead Advisors LLC bought a new position in shares of Americold Realty Trust in the third quarter worth about $33,000. Signaturefd LLC lifted its position 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 worth $84,000 after purchasing an additional 528 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in 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 period. Finally, Gallacher Capital Management LLC acquired a new stake in Americold Realty Trust in the 3rd quarter valued at approximately $279,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.8 %

Shares of COLD opened at $22.33 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $24.99 and a two-hundred day moving average price of $27.10. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of -18.61, a P/E/G ratio of 2.01 and a beta of 0.52. Americold Realty Trust, Inc. has a 12 month low of $22.22 and a 12 month high of $33.90.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is -72.73%.

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of research analyst reports. Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Thursday, February 29th. KeyCorp decreased 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. Scotiabank assumed coverage on shares of Americold Realty Trust in a report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Americold Realty Trust in a research note on Thursday. They issued an “equal weight” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada lowered their price target on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.33.

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.