Bank of America Corp DE cut its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 30.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,054,819 shares of the company's stock after selling 1,352,141 shares during the quarter. Bank of America Corp DE owned about 1.07% of Americold Realty Trust worth $35,008,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Americold Realty Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company's stock worth $45,025,000 after acquiring an additional 626,160 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Americold Realty Trust during the 1st quarter valued at about $240,000. Jane Street Group LLC grew its stake in shares of Americold Realty Trust by 8.7% in the first quarter. Jane Street Group LLC now owns 71,335 shares of the company's stock worth $1,531,000 after acquiring an additional 5,693 shares during the period. Quantbot Technologies LP bought a new stake in shares of Americold Realty Trust in the second quarter worth approximately $86,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock valued at $37,000 after purchasing an additional 1,593 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on COLD. UBS Group increased their target price on Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Royal Bank Of Canada set a $18.00 target price on shares of Americold Realty Trust in a report on Monday. Evercore reiterated an "outperform" rating and set a $19.00 price target on shares of Americold Realty Trust in a research note on Friday, August 7th. Citigroup boosted their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $15.54.
View Our Latest Stock Report on Americold Realty Trust
Americold Realty Trust Price Performance
Shares of COLD opened at $14.86 on Friday. The company has a 50 day moving average of $14.97 and a two-hundred day moving average of $13.60. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.2%. Americold Realty Trust's payout ratio is -57.86%.
Americold Realty Trust Company Profile
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Free Report)
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.
Further Reading
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