Swedbank AB lessened its position in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,000 shares of the company’s stock after selling 81,000 shares during the period. Swedbank AB’s holdings in Americold Realty Trust were worth $3,438,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in COLD. Geneos Wealth Management Inc. increased its holdings in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after acquiring an additional 806 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after purchasing an additional 948 shares during the period. Norinchukin Bank The increased its stake in Americold Realty Trust by 8.0% during the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock valued at $165,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Americold Realty Trust by 9.2% during the fourth quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock worth $177,000 after purchasing an additional 1,164 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.
Americold Realty Trust Stock Performance
NYSE:COLD traded down $0.18 during mid-day trading on Friday, hitting $15.54. The stock had a trading volume of 2,372,685 shares, compared to its average volume of 3,985,436. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -39.83 and a beta of 0.96. The company has a 50 day simple moving average of $14.80 and a 200-day simple moving average of $13.28. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $17.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27.
Americold Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.9%. Americold Realty Trust’s payout ratio is currently -235.90%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on COLD shares. Barclays raised their price target on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Citigroup increased their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Scotiabank restated a “sector perform” rating on shares of Americold Realty Trust in a research note on Friday. Piper Sandler began coverage on Americold Realty Trust in a report on Wednesday, April 1st. They set a “neutral” rating and a $13.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.79.
Read Our Latest Stock Analysis on Americold Realty Trust
Americold Realty Trust Profile
Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.
With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.
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