Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 671.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 92,920 shares of the company’s stock after purchasing an additional 80,882 shares during the period. New York Life Investment Management LLC’s holdings in Americold Realty Trust were worth $2,813,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in COLD. Victory Capital Management Inc. increased its stake in Americold Realty Trust by 28.0% during the fourth quarter. Victory Capital Management Inc. now owns 38,503 shares of the company’s stock worth $1,165,000 after acquiring an additional 8,428 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in Americold Realty Trust during the 4th quarter worth approximately $30,737,000. Van ECK Associates Corp raised its holdings in Americold Realty Trust by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 38,160 shares of the company’s stock valued at $1,155,000 after buying an additional 6,274 shares during the period. Aew Capital Management L P lifted its position in Americold Realty Trust by 157.5% during the fourth quarter. Aew Capital Management L P now owns 627,497 shares of the company’s stock valued at $18,994,000 after buying an additional 383,770 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Americold Realty Trust during the fourth quarter worth approximately $50,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COLD shares. 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 research note on Thursday, February 29th. Royal Bank of Canada cut their price objective 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. Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $31.00 to $35.00 in a research note on Tuesday, January 16th. KeyCorp reduced their price target on 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. Finally, Scotiabank began coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $30.33.

Americold Realty Trust Price Performance

COLD stock opened at $22.70 on Monday. The stock’s 50 day moving average is $24.29 and its two-hundred day moving average is $26.79. Americold Realty Trust, Inc. has a 52-week low of $21.87 and a 52-week high of $33.90. The company has a market capitalization of $6.45 billion, a PE ratio of -18.76, a P/E/G ratio of 2.00 and a beta of 0.54. 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 Announces Dividend

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