Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 28.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,192 shares of the company's stock after buying an additional 42,200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Americold Realty Trust worth $5,757,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Americold Realty Trust by 76,044.2% during the third quarter. FMR LLC now owns 6,243,067 shares of the company's stock worth $189,852,000 after acquiring an additional 6,234,868 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Americold Realty Trust in the third quarter valued at $40,526,000. Invesco Ltd. grew its position in Americold Realty Trust by 9.8% in the third quarter. Invesco Ltd. now owns 6,207,106 shares of the company's stock valued at $188,758,000 after purchasing an additional 552,287 shares in the last quarter. American Century Companies Inc. grew its position in Americold Realty Trust by 75.4% in the third quarter. American Century Companies Inc. now owns 1,132,735 shares of the company's stock valued at $34,446,000 after purchasing an additional 487,005 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Americold Realty Trust by 56.7% in the third quarter. Envestnet Asset Management Inc. now owns 924,083 shares of the company's stock valued at $28,101,000 after purchasing an additional 334,449 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp decreased their target price on shares of Americold Realty Trust from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Raymond James raised shares of Americold Realty Trust from a "market perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Thursday, February 29th. Scotiabank initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They issued a "sector perform" rating and a $27.00 target price for the company. Truist Financial raised shares of Americold Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Americold Realty Trust from $34.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Americold Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Americold Realty Trust Price Performance

Shares of NYSE:COLD traded down $0.04 during midday trading on Monday, hitting $22.80. The stock had a trading volume of 1,360,528 shares, compared to its average volume of 2,376,707. The company's 50-day moving average price is $25.27 and its 200-day moving average price is $27.23. The company has a market capitalization of $6.48 billion, a P/E ratio of -18.84, a price-to-earnings-growth ratio of 2.02 and a beta of 0.52. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust, Inc. has a fifty-two week low of $22.59 and a fifty-two week high of $33.90.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust's payout ratio is presently -72.73%.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.