Wolverine Trading LLC Takes Position in Americold Realty Trust, Inc. (NYSE:COLD)

Posted by Defense World Staff on Mar 6th, 2023

Wolverine Trading LLC acquired a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,213 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of Americold Realty Trust by 0.6% in the 3rd quarter. Arizona State Retirement System now owns 73,175 shares of the company’s stock valued at $1,800,000 after acquiring an additional 470 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Americold Realty Trust by 1.3% in the 3rd quarter. Amalgamated Bank now owns 49,080 shares of the company’s stock valued at $1,207,000 after acquiring an additional 632 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Americold Realty Trust by 1.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 66,391 shares of the company’s stock valued at $1,994,000 after acquiring an additional 700 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Americold Realty Trust by 0.7% in the 1st quarter. Cibc World Markets Corp now owns 134,288 shares of the company’s stock valued at $3,744,000 after acquiring an additional 929 shares during the last quarter. Finally, Capital Square LLC lifted its holdings in shares of Americold Realty Trust by 2.1% in the 3rd quarter. Capital Square LLC now owns 45,893 shares of the company’s stock valued at $1,128,000 after acquiring an additional 935 shares during the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

Analyst Ratings Changes

COLD has been the subject of several analyst reports. Barclays raised their price objective on shares of Americold Realty Trust from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, February 27th. Truist Financial downgraded shares of 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. BNP Paribas initiated coverage on shares of Americold Realty Trust in a research note on Wednesday, December 14th. They issued an “outperform” rating and a $38.00 price objective for the company. Bank of America raised shares of Americold Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $27.50 to $33.50 in a research note on Monday, November 14th. Finally, Exane BNP Paribas began coverage on shares of Americold Realty Trust in a research note on Wednesday, December 14th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Hold” and an average target price of $32.79.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $29.93 on Monday. The company has a 50 day moving average price of $30.30 and a 200-day moving average price of $28.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.19 and a current ratio of 0.18. Americold Realty Trust, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $32.99. The company has a market capitalization of $8.08 billion, a PE ratio of -427.51, a P/E/G ratio of 6.25 and a beta of 0.49.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid 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 was Thursday, December 29th. Americold Realty Trust’s dividend payout ratio is presently -1,256.96%.

About Americold Realty Trust

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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.