Sumitomo Mitsui DS Asset Management Company Ltd Has $1.32 Million Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,507 shares of the company’s stock after purchasing an additional 1,997 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Americold Realty Trust were worth $1,317,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of COLD. FMR LLC raised its position in shares of Americold Realty Trust by 76,044.2% during the third 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. Westfield Capital Management Co. LP purchased a new stake in Americold Realty Trust in the 3rd quarter valued at $40,526,000. Invesco Ltd. raised its position in 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 during the last quarter. American Century Companies Inc. raised its position in Americold Realty Trust by 75.4% in the 3rd quarter. American Century Companies Inc. now owns 1,132,735 shares of the company’s stock valued at $34,446,000 after buying an additional 487,005 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Americold Realty Trust by 56.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 924,083 shares of the company’s stock valued at $28,101,000 after buying an additional 334,449 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Down 1.2 %

Shares of NYSE:COLD opened at $22.52 on Thursday. The company has a market capitalization of $6.40 billion, a PE ratio of -18.61, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17. The business has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $27.13. Americold Realty Trust, Inc. has a 1 year low of $22.51 and a 1 year high of $33.90.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.91%. Americold Realty Trust’s payout ratio is -72.73%.

Wall Street Analyst Weigh In

COLD has been the subject of a number of analyst reports. Scotiabank initiated coverage on Americold Realty Trust in a research report on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 price target for the company. KeyCorp lowered their price target 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 lowered their price target 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. Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

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.