Oppenheimer Asset Management Inc. bought a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 88,387 shares of the company’s stock, valued at approximately $1,389,000.
Other large investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after buying an additional 942 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares during the last quarter. Norinchukin Bank The increased its position in Americold Realty Trust by 8.0% during the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock valued at $165,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Americold Realty Trust by 9.2% in the fourth quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock valued at $177,000 after acquiring an additional 1,164 shares during the period. Institutional investors own 98.14% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on COLD. Weiss Ratings lowered shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Robert W. Baird set a $15.00 price target on shares of Americold Realty Trust in a report on Friday, May 8th. KeyCorp reissued an “overweight” rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Evercore restated an “outperform” rating and set a $19.00 target price on shares of Americold Realty Trust in a research report on Friday, August 7th. Finally, Barclays boosted their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and a consensus target price of $15.54.
Americold Realty Trust Stock Down 0.2%
NYSE:COLD opened at $14.86 on Monday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of -9.34 and a beta of 0.97. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $14.97 and a 200-day simple moving average of $13.61.
Americold Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -57.86%.
Americold Realty Trust Company Profile
Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.
With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.
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