Longfellow Investment Management Co. LLC bought a new stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 208,735 shares of the company's stock, valued at approximately $3,281,000. Americold Realty Trust accounts for about 0.7% of Longfellow Investment Management Co. LLC's portfolio, making the stock its 27th largest holding. Longfellow Investment Management Co. LLC owned 0.07% of Americold Realty Trust as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Americold Realty Trust by 100.0% in the 2nd 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 last quarter. Farther Finance Advisors LLC grew its stake in Americold Realty Trust by 51.1% during the 4th 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 last quarter. Caitong International Asset Management Co. Ltd increased its position in Americold Realty Trust by 63.3% in 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 during the period. Norinchukin Bank The increased its position in Americold Realty Trust by 8.0% in the third quarter. Norinchukin Bank The now owns 13,465 shares of the company's stock worth $165,000 after buying an additional 1,001 shares during the period. Finally, Empowered Funds LLC lifted its stake in 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 buying an additional 1,164 shares during the last quarter. 98.14% of the stock is owned by institutional investors.
Americold Realty Trust Price Performance
Shares of NYSE COLD opened at $14.86 on Monday. The stock has a market cap of $4.24 billion, a P/E ratio of -9.34 and a beta of 0.97. The firm's 50-day simple moving average is $14.97 and its 200 day simple moving average is $13.61. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Tuesday, June 30th. Americold Realty Trust's payout ratio is -57.86%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Evercore reissued an "outperform" rating and set a $19.00 price target on shares of Americold Realty Trust in a report on Friday, August 7th. Scotiabank increased their price objective on shares of Americold Realty Trust from $15.00 to $16.00 and gave the stock a "sector perform" rating in a report on Thursday. Piper Sandler lifted their price objective on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research note on Friday, May 8th. Finally, 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. 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 company's stock. According to MarketBeat, Americold Realty Trust currently has an average rating of "Hold" and a consensus price target of $15.54.
View Our Latest Research Report on COLD
Americold Realty Trust 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.
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