Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in Americold Realty Trust, Inc. (NYSE:COLDFree Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,202 shares of the company’s stock after purchasing an additional 7,213 shares during the period. State of Alaska Department of Revenue’s holdings in Americold Realty Trust were worth $3,368,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Americold Realty Trust in the fourth quarter worth approximately $677,077,000. Principal Financial Group Inc. boosted its holdings in shares of Americold Realty Trust by 36,753.5% during the fourth quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock worth $236,676,000 after purchasing an additional 7,797,617 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Americold Realty Trust by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 38,331,418 shares of the company’s stock worth $1,160,292,000 after purchasing an additional 1,071,074 shares during the period. Duff & Phelps Investment Management Co. acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth approximately $30,737,000. Finally, GRS Advisors LLC boosted its holdings in shares of Americold Realty Trust by 103.8% during the fourth quarter. GRS Advisors LLC now owns 1,793,009 shares of the company’s stock worth $54,274,000 after purchasing an additional 913,163 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $25.95 on Friday. The firm has a fifty day simple moving average of $25.13 and a 200-day simple moving average of $26.21. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. Americold Realty Trust, Inc. has a 1-year low of $21.87 and a 1-year high of $33.90. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of -22.18, a PEG ratio of 1.86 and a beta of 0.59.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

Analyst Ratings Changes

COLD has been the subject of several research reports. KeyCorp decreased their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Barclays raised their price target on shares of Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Wednesday, June 26th. Wells Fargo & Company started coverage on shares of Americold Realty Trust in a research note on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 target price for the company. Finally, Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $27.00 to $30.00 in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $30.60.

Read Our Latest Report on COLD

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.

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

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