New York Life Investment Management LLC Grows Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

New York Life Investment Management LLC grew its position in Americold Realty Trust, Inc. (NYSE:COLD) by 671.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,920 shares of the company’s stock after buying an additional 80,882 shares during the quarter. New York Life Investment Management LLC’s holdings in Americold Realty Trust were worth $2,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC boosted its holdings in Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares during the period. Clearstead Advisors LLC purchased a new position in shares of Americold Realty Trust in the third quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $50,000. Signaturefd LLC increased its stake in Americold Realty Trust by 23.8% during the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock worth $84,000 after buying an additional 528 shares during the period. Finally, Cetera Trust Company N.A acquired a new stake in Americold Realty Trust during the 4th quarter worth approximately $225,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $22.70 on Monday. The stock’s 50-day simple moving average is $24.29 and its 200-day simple moving average is $26.79. The firm has a market capitalization of $6.45 billion, a PE ratio of -18.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.54. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $33.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. Americold Realty Trust’s payout ratio is currently -72.73%.

Analyst Ratings Changes

COLD has been the subject of several research reports. Raymond James upgraded shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, February 29th. Royal Bank of Canada lowered 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. KeyCorp cut their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Scotiabank started coverage on Americold Realty Trust in a research note on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 price objective for the company. Finally, Barclays cut their target price on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Americold Realty Trust 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.