UBS Asset Management Americas Inc. Purchases 16,279 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Posted by Defense World Staff on Mar 14th, 2023

UBS Asset Management Americas Inc. raised its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,347,377 shares of the company’s stock after acquiring an additional 16,279 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.50% of Americold Realty Trust worth $33,145,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of COLD. Cohen & Steers Inc. raised its holdings in shares of Americold Realty Trust by 2.4% during the third quarter. Cohen & Steers Inc. now owns 44,712,207 shares of the company’s stock valued at $1,099,880,000 after purchasing an additional 1,056,855 shares during the period. Vanguard Group Inc. raised its holdings in shares of Americold Realty Trust by 1.0% during the first quarter. Vanguard Group Inc. now owns 37,799,071 shares of the company’s stock valued at $1,053,839,000 after purchasing an additional 365,487 shares during the period. State Street Corp raised its holdings in shares of Americold Realty Trust by 17.1% during the first 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. Capital Research Global Investors raised its holdings in shares of Americold Realty Trust by 30.4% during the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock valued at $243,239,000 after purchasing an additional 2,034,178 shares during the period. Finally, Darlington Partners Capital Management LP raised its holdings in shares of Americold Realty Trust by 40.9% during the second quarter. Darlington Partners Capital Management LP now owns 4,130,747 shares of the company’s stock valued at $124,088,000 after purchasing an additional 1,199,868 shares during the period. Institutional investors own 98.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America upgraded shares of Americold Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $27.50 to $33.50 in a report on Monday, November 14th. Truist Financial lowered shares of Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Tuesday, January 17th. Exane BNP Paribas assumed coverage on shares of Americold Realty Trust in a report on Wednesday, December 14th. They issued an “outperform” rating on the stock. Barclays upped 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 report on Monday, February 27th. Finally, BNP Paribas assumed coverage on shares of Americold Realty Trust in a research report on Wednesday, December 14th. They issued an “outperform” rating and a $38.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $32.79.

Americold Realty Trust Stock Up 0.4 %

Americold Realty Trust stock opened at $28.78 on Tuesday. Americold Realty Trust, Inc. has a twelve month low of $21.49 and a twelve month high of $32.99. The firm has a 50 day moving average price of $30.41 and a 200-day moving average price of $28.41. The company has a market capitalization of $7.77 billion, a P/E ratio of -411.14, a P/E/G ratio of 5.94 and a beta of 0.49. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, March 30th. Americold Realty Trust’s dividend payout ratio is currently -1,257.14%.

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.