Americold Realty Trust (NYSE:COLD) saw unusually-high trading volume on Friday . Approximately 148,101 shares were traded during mid-day trading, a decline of 92% from the previous session’s volume of 1,878,146 shares.The stock last traded at $39.14 and had previously closed at $39.47.
COLD has been the subject of several research reports. Zacks Investment Research upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet cut shares of Americold Realty Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, May 12th. Finally, KeyCorp initiated coverage on shares of Americold Realty Trust in a research note on Monday. They issued an “overweight” rating and a $43.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.25.
The company has a debt-to-equity ratio of 0.05, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market capitalization of $9.86 billion, a P/E ratio of -789.40, a price-to-earnings-growth ratio of 3.06 and a beta of 0.14. The stock’s 50 day simple moving average is $38.79.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.25%. Americold Realty Trust’s dividend payout ratio (DPR) is presently 68.22%.
In related news, Director James R. Heistand sold 30,000 shares of the business’s stock in a transaction dated Friday, May 21st. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00. Also, COO Carlos V. Rodriguez sold 5,792 shares of the business’s stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $37.96, for a total transaction of $219,864.32. Following the completion of the sale, the chief operating officer now owns 30,647 shares in the company, valued at $1,163,360.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,839 shares of company stock worth $1,847,970. Corporate insiders own 0.27% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Full18 Capital LLC purchased a new stake in shares of Americold Realty Trust in the 4th quarter worth about $3,107,000. Keybank National Association OH lifted its holdings in Americold Realty Trust by 137.1% in the 1st quarter. Keybank National Association OH now owns 41,295 shares of the company’s stock valued at $1,589,000 after purchasing an additional 23,880 shares in the last quarter. Boston Partners purchased a new position in Americold Realty Trust in the 4th quarter valued at about $6,122,000. Pasadena Private Wealth LLC lifted its holdings in Americold Realty Trust by 3.4% in the 4th quarter. Pasadena Private Wealth LLC now owns 121,395 shares of the company’s stock valued at $4,532,000 after purchasing an additional 4,012 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Americold Realty Trust by 1.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 596,069 shares of the company’s stock valued at $22,251,000 after purchasing an additional 10,516 shares in the last quarter.
Americold Realty Trust Company Profile (NYSE:COLD)
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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