Swedbank AB Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

Swedbank AB purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 381,000 shares of the company’s stock, valued at approximately $9,495,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COLD. Vanguard Group Inc. grew its holdings in shares of Americold Realty Trust by 2.9% during the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after purchasing an additional 1,095,116 shares during the last quarter. Norges Bank acquired a new position in shares of Americold Realty Trust during the fourth quarter worth approximately $677,077,000. Principal Financial Group Inc. grew its stake in shares of Americold Realty Trust by 49.6% during the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after purchasing an additional 3,879,632 shares during the last quarter. Long Pond Capital LP bought a new position in Americold Realty Trust in the 1st quarter worth approximately $106,206,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Americold Realty Trust by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,066,285 shares of the company’s stock worth $123,088,000 after buying an additional 170,479 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on COLD. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. 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. Wells Fargo & Company assumed coverage on shares of Americold Realty Trust in a research note on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Wednesday, June 26th. Finally, Barclays lifted their price objective on Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.60.

Americold Realty Trust Stock Down 0.9 %

Shares of NYSE COLD traded down $0.27 during mid-day trading 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 current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $27.00 and a 200 day simple moving average of $26.00. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $33.90. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of -25.61, a PEG ratio of 2.14 and a beta of 0.59.

Americold Realty Trust Announces Dividend

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

About Americold Realty Trust

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.