Public Employees Retirement System of Ohio acquired a new position in Americold Realty Trust Inc. (NYSE:COLD – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 408,288 shares of the company’s stock, valued at approximately $6,418,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Americold Realty Trust as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its stake in shares of Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares during the period. Caitong International Asset Management Co. Ltd grew 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 worth $30,000 after buying an additional 948 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position 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 in the last quarter. Institutional investors own 98.14% of the company’s stock.
Americold Realty Trust Price Performance
Americold Realty Trust stock opened at $14.76 on Wednesday. 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 company has a market capitalization of $4.21 billion, a PE ratio of -9.28 and a beta of 0.97. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $16.88. The stock has a 50-day moving average price of $15.14 and a two-hundred day moving average price of $13.81.
Americold Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, September 30th. Americold Realty Trust’s payout ratio is -57.86%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Americold Realty Trust from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Scotiabank raised their price target on Americold Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of Americold Realty Trust in a research note on Monday, August 17th. Weiss Ratings cut shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Bank of America upgraded shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $16.00 in a research note on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.63.
Check Out Our Latest Analysis on Americold Realty Trust
Americold Realty Trust 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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