Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,101 shares of the company’s stock after selling 26,751 shares during the period. New York State Common Retirement Fund’s holdings in Americold Realty Trust were worth $4,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its position in Americold Realty Trust by 76,044.2% in the third quarter. FMR LLC now owns 6,243,067 shares of the company’s stock worth $189,852,000 after buying an additional 6,234,868 shares during the last quarter. Invesco Ltd. boosted its position in shares of Americold Realty Trust by 9.8% in the 3rd quarter. Invesco Ltd. now owns 6,207,106 shares of the company’s stock valued at $188,758,000 after purchasing an additional 552,287 shares during the period. Deutsche Bank AG increased its stake in Americold Realty Trust by 0.3% in the 3rd quarter. Deutsche Bank AG now owns 4,451,713 shares of the company’s stock worth $135,377,000 after purchasing an additional 11,973 shares in the last quarter. Northern Trust Corp raised its holdings in Americold Realty Trust by 2.4% during the 3rd quarter. Northern Trust Corp now owns 2,452,330 shares of the company’s stock worth $74,575,000 after buying an additional 58,434 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in Americold Realty Trust by 10.7% during the 3rd quarter. William Blair Investment Management LLC now owns 1,697,021 shares of the company’s stock worth $51,606,000 after buying an additional 164,286 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 27th. Raymond James upgraded shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Thursday, February 29th. Scotiabank began coverage on Americold Realty Trust in a report on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 target price for the company. Wells Fargo & Company assumed coverage on Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada dropped their price target on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

Americold Realty Trust Price Performance

Shares of COLD opened at $22.70 on Friday. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -18.76, a P/E/G ratio of 1.98 and a beta of 0.54. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $33.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50-day moving average is $24.29 and its 200-day moving average is $26.80.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.88%. Americold Realty Trust’s dividend payout ratio is -72.73%.

Americold Realty Trust 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.