UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,883,643 shares of the company’s stock after buying an additional 85,037 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.66% of Americold Realty Trust worth $29,611,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in Americold Realty Trust by 100.0% in the second 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 period. Farther Finance Advisors LLC raised its position in shares of Americold Realty Trust by 51.1% during 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 lifted its holdings in shares of Americold Realty Trust by 63.3% in the 3rd 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 in the last quarter. Norinchukin Bank The lifted its holdings in shares of Americold Realty Trust by 8.0% in the 3rd quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock worth $165,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Americold Realty Trust by 9.2% in the 4th quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock valued at $177,000 after purchasing an additional 1,164 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.
Americold Realty Trust Trading Down 3.4%
NYSE COLD opened at $14.09 on Friday. The firm has a market capitalization of $4.02 billion, a P/E ratio of -8.86 and a beta of 0.98. The business has a fifty day simple moving average of $15.13 and a 200 day simple moving average of $13.84. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $16.88. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 annualized dividend and a yield of 6.5%. Americold Realty Trust’s payout ratio is -57.86%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on COLD. Evercore restated an “outperform” rating and set a $19.00 price target on shares of Americold Realty Trust in a research note on Friday, August 7th. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Scotiabank boosted their target price on shares of Americold Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Finally, Barclays upped their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.63.
View Our Latest Report on Americold Realty Trust
Americold Realty Trust Company 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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