Americold Realty Trust, Inc. (NYSE:COLD) Position Raised by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 24.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,085,581 shares of the company’s stock after acquiring an additional 209,942 shares during the quarter. Westwood Holdings Group Inc. owned about 0.38% of Americold Realty Trust worth $27,053,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Americold Realty Trust during the 4th quarter valued at about $3,169,000. Asset Management One Co. Ltd. boosted its position in shares of Americold Realty Trust by 21.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 481,328 shares of the company’s stock worth $14,719,000 after buying an additional 86,136 shares during the period. BNP Paribas Financial Markets grew its holdings in Americold Realty Trust by 150.9% in the 4th quarter. BNP Paribas Financial Markets now owns 148,201 shares of the company’s stock worth $4,486,000 after buying an additional 89,135 shares in the last quarter. 1832 Asset Management L.P. increased its position in Americold Realty Trust by 9.2% in the 1st quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock valued at $10,922,000 after acquiring an additional 36,811 shares during the period. Finally, New York Life Investment Management LLC raised its stake in Americold Realty Trust by 671.9% during the 4th quarter. New York Life Investment Management LLC now owns 92,920 shares of the company’s stock valued at $2,813,000 after acquiring an additional 80,882 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

NYSE:COLD traded down $0.27 during trading hours on Friday, reaching $29.97. 2,607,703 shares of the company’s stock were exchanged, compared to its average volume of 2,372,120. The company has a market capitalization of $8.51 billion, a P/E ratio of -25.62, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. Americold Realty Trust, Inc. has a 12 month low of $21.87 and a 12 month high of $33.90. The business’s 50-day simple moving average is $27.00 and its two-hundred day simple moving average is $26.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on Americold Realty Trust in a research note on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target for the company. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Wednesday, June 26th. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Monday, July 1st. Barclays raised their price objective on shares of Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. Finally, Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.60.

Americold Realty Trust Company 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.