Hsbc Holdings PLC Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

Hsbc Holdings PLC reduced its stake in Americold Realty Trust, Inc. (NYSE:COLDFree Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 171,658 shares of the company’s stock after selling 3,215 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Americold Realty Trust worth $5,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COLD. Nomura Asset Management Co. Ltd. increased its position in shares of Americold Realty Trust by 6.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 299,980 shares of the company’s stock valued at $9,080,000 after purchasing an additional 18,880 shares during the last quarter. Allstate Corp raised its stake in shares of Americold Realty Trust by 128.8% during the 4th quarter. Allstate Corp now owns 77,362 shares of the company’s stock worth $2,342,000 after purchasing an additional 43,556 shares during the period. Element Capital Management LLC bought a new stake in shares of Americold Realty Trust during the 4th quarter worth $9,152,000. Franklin Resources Inc. raised its stake in shares of Americold Realty Trust by 34.0% during the 4th quarter. Franklin Resources Inc. now owns 269,926 shares of the company’s stock worth $8,171,000 after purchasing an additional 68,538 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Americold Realty Trust by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 545,350 shares of the company’s stock worth $16,508,000 after purchasing an additional 13,658 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 1.5 %

COLD stock opened at $27.38 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $7.78 billion, a PE ratio of -23.40, a PEG ratio of 1.89 and a beta of 0.59. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $33.90. The stock has a 50-day simple moving average of $24.09 and a two-hundred day simple moving average of $26.61.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, June 28th. Americold Realty Trust’s payout ratio is presently -75.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on COLD shares. Raymond James upgraded 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 lowered their target price 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. Barclays boosted their price objective on Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. KeyCorp lowered their price objective on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.

Get Our Latest Stock Analysis on Americold Realty Trust

About Americold Realty Trust

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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