Nuveen Asset Management LLC raised its stake in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 59.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,367,085 shares of the company’s stock after purchasing an additional 507,712 shares during the period. Nuveen Asset Management LLC owned 0.51% of Americold Realty Trust worth $33,630,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in shares of Americold Realty Trust by 30.4% in the 1st quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock valued at $243,239,000 after buying an additional 2,034,178 shares during the last quarter. Waterfront Capital Partners LLC grew its holdings in shares of Americold Realty Trust by 207.6% during the second quarter. Waterfront Capital Partners LLC now owns 2,540,062 shares of the company’s stock worth $76,303,000 after purchasing an additional 1,714,310 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Americold Realty Trust by 129.4% during the third quarter. Prudential Financial Inc. now owns 3,002,800 shares of the company’s stock worth $73,867,000 after purchasing an additional 1,693,644 shares in the last quarter. State Street Corp boosted its position in shares of Americold Realty Trust by 17.1% in the 1st quarter. State Street Corp now owns 11,546,934 shares of the company’s stock valued at $324,412,000 after purchasing an additional 1,685,692 shares during the period. Finally, Darlington Partners Capital Management LP grew its stake in Americold Realty Trust by 40.9% during the 2nd quarter. Darlington Partners Capital Management LP now owns 4,130,747 shares of the company’s stock worth $124,088,000 after buying an additional 1,199,868 shares during the last quarter. Institutional investors and hedge funds own 98.98% of the company’s stock.
Americold Realty Trust Stock Performance
NYSE COLD opened at $29.73 on Tuesday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of -424.65, a PEG ratio of 4.74 and a beta of 0.48. The business’s 50 day moving average is $30.21 and its two-hundred day moving average is $28.56. Americold Realty Trust, Inc. has a 12-month low of $21.49 and a 12-month high of $32.99. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.14.
Americold Realty Trust Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Truist Financial cut Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research note on Tuesday, January 17th. Exane BNP Paribas initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, December 14th. They set an “outperform” rating on the stock. Barclays upped their target price on shares of Americold Realty Trust from $28.00 to $30.00 in a report on Monday. Bank of America upgraded Americold Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $27.50 to $33.50 in a research report on Monday, November 14th. Finally, BNP Paribas began coverage on Americold Realty Trust in a research report on Wednesday, December 14th. They set an “outperform” rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.79.
About Americold Realty Trust
Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.
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