Sumitomo Mitsui Trust Holdings Inc. Buys 49,386 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 472,254 shares of the company's stock after acquiring an additional 49,386 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.17% of Americold Realty Trust worth $14,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Americold Realty Trust by 17.6% in the 3rd quarter. SG Americas Securities LLC now owns 100,226 shares of the company's stock worth $3,048,000 after purchasing an additional 14,987 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Americold Realty Trust by 1.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 129,230 shares of the company's stock worth $3,929,000 after purchasing an additional 1,708 shares during the last quarter. Avior Wealth Management LLC purchased a new position in shares of Americold Realty Trust in the 3rd quarter worth about $284,000. Boston Trust Walden Corp raised its position in shares of Americold Realty Trust by 6.6% in the 3rd quarter. Boston Trust Walden Corp now owns 784,227 shares of the company's stock worth $23,848,000 after purchasing an additional 48,260 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in Americold Realty Trust in the 3rd quarter worth about $1,215,000. 98.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of recent analyst reports. Truist Financial raised Americold Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, January 16th. Royal Bank of Canada decreased their target price on 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. KeyCorp decreased their target price on 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. Barclays decreased their target price on Americold Realty Trust from $32.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 27th. Finally, Scotiabank started coverage on Americold Realty Trust in a research note on Wednesday, March 27th. They set a "sector perform" rating and a $27.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock traded down $0.01 during trading hours on Tuesday, reaching $22.79. 1,273,740 shares of the stock traded hands, compared to its average volume of 2,362,566. The company has a 50 day moving average price of $25.17 and a 200 day moving average price of $27.18. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of -18.90, a P/E/G ratio of 2.02 and a beta of 0.52. Americold Realty Trust, Inc. has a one year low of $22.59 and a one year high of $33.90. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. Americold Realty Trust's dividend payout ratio (DPR) 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.