abrdn plc Sells 279,383 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

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

Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in Americold Realty Trust by 76,044.2% in the third quarter. FMR LLC now owns 6,243,067 shares of the company’s stock valued at $189,852,000 after purchasing an additional 6,234,868 shares in the last quarter. Invesco Ltd. raised its position in shares of Americold Realty Trust by 9.8% in the 3rd quarter. Invesco Ltd. now owns 6,207,106 shares of the company’s stock valued at $188,758,000 after buying an additional 552,287 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Americold Realty Trust by 0.3% during the 3rd quarter. Deutsche Bank AG now owns 4,451,713 shares of the company’s stock worth $135,377,000 after acquiring an additional 11,973 shares during the period. Northern Trust Corp boosted its position in shares of Americold Realty Trust by 2.4% during the 3rd quarter. Northern Trust Corp now owns 2,452,330 shares of the company’s stock worth $74,575,000 after acquiring an additional 58,434 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in Americold Realty Trust by 10.7% in the third quarter. William Blair Investment Management LLC now owns 1,697,021 shares of the company’s stock valued at $51,606,000 after acquiring an additional 164,286 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research note 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 objective on the stock in a research note on Thursday, February 29th. Scotiabank assumed coverage on Americold Realty Trust in a research report on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 target price on the stock. Truist Financial raised shares of Americold Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $31.00 to $35.00 in a report on Tuesday, January 16th. Finally, 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 note on Friday, March 22nd. Three investment 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 has an average rating of “Moderate Buy” and a consensus target price of $31.13.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $22.52 on Thursday. The business has a 50 day moving average of $25.09 and a 200-day moving average of $27.13. The company has a market capitalization of $6.40 billion, a P/E ratio of -18.61, a P/E/G ratio of 2.01 and a beta of 0.52. Americold Realty Trust, Inc. has a 1 year low of $22.51 and a 1 year high of $33.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.91%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -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.