abrdn plc Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

abrdn plc reduced its position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 589,201 shares of the company's stock after selling 279,383 shares during the quarter. abrdn plc owned 0.21% of Americold Realty Trust worth $17,835,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COLD. VisionPoint Advisory Group LLC lifted its position in shares of Americold Realty Trust by 74.1% in the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Americold Realty Trust in the 3rd quarter valued at $33,000. Signaturefd LLC lifted its holdings in Americold Realty Trust by 23.8% during the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company's stock valued at $84,000 after purchasing an additional 528 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Americold Realty Trust by 5.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,542 shares of the company's stock worth $260,000 after purchasing an additional 423 shares during the period. Finally, Gallacher Capital Management LLC bought a new position in Americold Realty Trust during the third quarter worth $279,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.19 during midday trading on Thursday, reaching $22.33. The company's stock had a trading volume of 1,303,496 shares, compared to its average volume of 2,337,171. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $6.34 billion, a P/E ratio of -18.61, a P/E/G ratio of 2.01 and a beta of 0.52. The business's 50 day moving average price is $24.99 and its two-hundred day moving average price is $27.10. Americold Realty Trust, Inc. has a fifty-two week low of $22.22 and a fifty-two week high of $33.90.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 annualized dividend and a yield of 3.94%. Americold Realty Trust's dividend payout ratio is presently -72.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial raised shares of Americold Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. Barclays lowered their price target on shares of Americold Realty Trust from $32.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 27th. Scotiabank initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They set a "sector perform" rating and a $27.00 price objective for the company. Wells Fargo & Company initiated coverage on Americold Realty Trust in a research report on Thursday. They issued an "equal weight" rating and a $24.00 target price on the stock. Finally, Royal Bank of Canada dropped their price target on Americold Realty Trust from $34.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.33.

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.