Oppenheimer Asset Management Inc. Invests $1.39 Million in Americold Realty Trust Inc. $COLD

Key Points

• Oppenheimer Asset Management acquired 88,387 shares of Americold Realty Trust in the second quarter, worth approximately $1.39 million. Institutional investors collectively own 98.14% of the company.
• Analyst sentiment is mixed, with four Buy, eight Hold, and four Sell ratings; the consensus rating is Hold with an average price target of $15.54.
• Americold shares opened at $14.86, while the company’s quarterly dividend of $0.23 represents an annualized payout of $0.92 and a 6.2% yield.

Oppenheimer Asset Management Inc. bought a new position in shares of 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 (SEC). The firm bought 88,387 shares of the company's stock, valued at approximately $1,389,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in 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 period. Ameriflex Group Inc. bought a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its position 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 buying an additional 1,593 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Americold Realty Trust by 51.1% in 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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COLD. Wall Street Zen raised shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Piper Sandler boosted their price target on shares of Americold Realty Trust from $13.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Evercore reissued an "outperform" rating and set a $19.00 price objective on shares of Americold Realty Trust in a report on Friday, August 7th. KeyCorp restated an "overweight" rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Finally, Royal Bank Of Canada set a $18.00 target price on Americold Realty Trust in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of "Hold" and an average target price of $15.54.

Americold Realty Trust Trading Down 0.2%

Shares of COLD opened at $14.86 on Monday. The stock has a market capitalization of $4.24 billion, a PE ratio of -9.34 and a beta of 0.97. The company's fifty day moving average is $14.97 and its 200 day moving average is $13.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date 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 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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