Element Capital Management LLC Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

Element Capital Management LLC bought a new position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 302,356 shares of the company's stock, valued at approximately $9,152,000. Americold Realty Trust comprises about 31.0% of Element Capital Management LLC's investment portfolio, making the stock its biggest position. Element Capital Management LLC owned approximately 0.11% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of COLD. VisionPoint Advisory Group LLC boosted its stake in Americold Realty Trust by 74.1% during the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company's stock worth $28,000 after acquiring an additional 389 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in Americold Realty Trust during the 3rd quarter valued at $33,000. GAMMA Investing LLC bought a new stake in shares of Americold Realty Trust in the 4th quarter worth $50,000. Principal Securities Inc. purchased a new position in shares of Americold Realty Trust in the fourth quarter worth $80,000. Finally, Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 23.8% during the third quarter. Signaturefd LLC now owns 2,746 shares of the company's stock valued at $84,000 after purchasing an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on COLD. Raymond James raised 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. Wells Fargo & Company initiated coverage on Americold Realty Trust in a research report on Thursday, April 25th. They issued an "equal weight" rating and a $24.00 target price on the stock. Barclays reduced their price target on shares of 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. Scotiabank assumed coverage on shares of Americold Realty Trust in a report on Wednesday, March 27th. They issued a "sector perform" rating and a $27.00 price objective on the stock. Finally, KeyCorp reduced 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 report on Friday, March 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.33.

Americold Realty Trust Price Performance

COLD traded up $0.38 during trading on Tuesday, reaching $25.75. 2,757,533 shares of the company traded hands, compared to its average volume of 2,355,735. The company has a market cap of $7.31 billion, a P/E ratio of -21.93, a PEG ratio of 2.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $33.90. The firm has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $26.61.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given 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 yield of 3.42%. Americold Realty Trust's dividend payout ratio (DPR) is presently -75.21%.

About Americold Realty Trust

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.

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