State of Alaska Department of Revenue Sells 1,241 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

State of Alaska Department of Revenue lowered its holdings in Americold Realty Trust, Inc. (NYSE:COLDFree Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,989 shares of the company’s stock after selling 1,241 shares during the period. State of Alaska Department of Revenue’s holdings in Americold Realty Trust were worth $3,874,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Americold Realty Trust during the fourth quarter valued at about $441,452,000. FMR LLC increased its stake in Americold Realty Trust by 76,044.2% in the 3rd quarter. FMR LLC now owns 6,243,067 shares of the company’s stock worth $189,852,000 after purchasing an additional 6,234,868 shares during the period. Capital Research Global Investors grew its holdings in shares of Americold Realty Trust by 30.4% in the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock worth $243,239,000 after purchasing an additional 2,034,178 shares during the last quarter. State Street Corp increased its stake in shares of Americold Realty Trust by 17.1% in the first quarter. State Street Corp now owns 11,546,934 shares of the company’s stock worth $324,412,000 after buying an additional 1,685,692 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Americold Realty Trust in the third quarter worth $40,526,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $23.83 on Wednesday. Americold Realty Trust, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $33.90. The company has a market capitalization of $6.76 billion, a PE ratio of -19.69, a P/E/G ratio of 2.15 and a beta of 0.52. The company has a 50 day moving average price of $26.42 and a 200-day moving average price of $27.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.69%. Americold Realty Trust’s payout ratio is currently -72.73%.

Analyst Upgrades and Downgrades

COLD has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, February 29th. Scotiabank started 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. KeyCorp reduced their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, Barclays lowered their price objective on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Read Our Latest Report on COLD

About Americold Realty Trust

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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