Levin Capital Strategies L.P. acquired a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) in the first quarter, HoldingsChannel reports. The fund acquired 258,408 shares of the company’s stock, valued at approximately $2,961,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of COLD. Geneos Wealth Management Inc. lifted its holdings 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 acquiring an additional 806 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock valued at $36,000 after acquiring an additional 942 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 purchasing an additional 948 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of 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 purchasing an additional 1,001 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Americold Realty Trust by 9.2% during the 4th quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock worth $177,000 after purchasing an additional 1,164 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.
Americold Realty Trust Stock Performance
Shares of NYSE COLD opened at $15.27 on Thursday. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $17.12. The company has a market cap of $4.36 billion, a PE ratio of -39.14 and a beta of 0.96. The stock has a 50 day simple moving average of $15.09 and a 200-day simple moving average of $13.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27.
Americold Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.0%. Americold Realty Trust’s dividend payout ratio is presently -235.90%.
Analyst Ratings Changes
Several analysts recently issued reports on COLD shares. Royal Bank Of Canada raised their price target on Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. Robert W. Baird set a $15.00 price objective on Americold Realty Trust in a research note on Friday, May 8th. UBS Group increased their target price on Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Piper Sandler raised their target price on Americold Realty Trust from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.29.
Check Out Our Latest Research Report on COLD
About Americold Realty Trust
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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