Longfellow Investment Management Co. LLC Invests $3.28 Million in Americold Realty Trust Inc. $COLD

Longfellow Investment Management Co. LLC bought a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD) in the 2nd quarter, Holdings Channel.com reports. The firm bought 208,735 shares of the company’s stock, valued at approximately $3,281,000. Americold Realty Trust makes up approximately 0.7% of Longfellow Investment Management Co. LLC’s holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Americold Realty Trust by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock valued at $496,367,000 after purchasing an additional 388,809 shares during the last quarter. Norges Bank acquired a new position in Americold Realty Trust in the fourth quarter worth approximately $152,684,000. State Street Corp increased its holdings in shares of Americold Realty Trust by 0.7% in the fourth quarter. State Street Corp now owns 10,713,586 shares of the company’s stock valued at $140,203,000 after buying an additional 75,814 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of Americold Realty Trust by 2.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 6,962,583 shares of the company’s stock valued at $79,791,000 after buying an additional 157,627 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Americold Realty Trust by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,849,709 shares of the company’s stock valued at $75,227,000 after acquiring an additional 251,217 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COLD has been the subject of several research reports. Piper Sandler raised their price objective on Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Citigroup increased their price target on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. KeyCorp restated an “overweight” rating on shares of Americold Realty Trust in a report on Monday, August 10th. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a research note on Friday, May 8th. Finally, Weiss Ratings cut shares of Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Hold” and a consensus target price of $15.54.

Americold Realty Trust Trading Down 0.2%

Shares of NYSE COLD opened at $14.86 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust Inc. has a one year low of $10.10 and a one year high of $16.88. The business has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $13.61. The firm has a market capitalization of $4.24 billion, a PE ratio of -9.34 and a beta of 0.97.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Tuesday, June 30th. Americold Realty Trust’s payout ratio is currently -57.86%.

About Americold Realty Trust

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.