Swiss National Bank Buys 11,900 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Posted by Defense World Staff on May 13th, 2023

Swiss National Bank grew its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,400 shares of the company’s stock after purchasing an additional 11,900 shares during the period. Swiss National Bank owned approximately 0.24% of Americold Realty Trust worth $18,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Heartland Advisors Inc. boosted its position in Americold Realty Trust by 5.5% during the 4th quarter. Heartland Advisors Inc. now owns 1,033,038 shares of the company’s stock valued at $29,245,000 after acquiring an additional 54,278 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Americold Realty Trust by 26.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,795,890 shares of the company’s stock valued at $50,890,000 after purchasing an additional 376,294 shares in the last quarter. Warwick Investment Management Inc. purchased a new stake in Americold Realty Trust in the fourth quarter worth $793,000. Arizona State Retirement System raised its holdings in Americold Realty Trust by 3.9% in the fourth quarter. Arizona State Retirement System now owns 76,008 shares of the company’s stock worth $2,152,000 after purchasing an additional 2,833 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Americold Realty Trust by 2.9% during the fourth quarter. LPL Financial LLC now owns 51,822 shares of the company’s stock valued at $1,467,000 after buying an additional 1,475 shares during the period. Hedge funds and other institutional investors own 98.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COLD. Royal Bank of Canada raised shares of Americold Realty Trust from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Monday, May 8th. Barclays upgraded shares of Americold Realty Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $30.00 to $32.00 in a report on Thursday, March 23rd. JPMorgan Chase & Co. upped their price target on Americold Realty Trust from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 5th. Finally, Truist Financial lowered Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Tuesday, January 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.94.

Americold Realty Trust Stock Down 0.1 %

COLD stock opened at $30.11 on Friday. The stock has a market capitalization of $8.13 billion, a P/E ratio of -1,505.50, a P/E/G ratio of 6.27 and a beta of 0.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.18 and a quick ratio of 0.18. Americold Realty Trust, Inc. has a 1-year low of $21.49 and a 1-year high of $32.99. The business has a fifty day moving average price of $28.78 and a 200-day moving average price of $29.08.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.92%. The ex-dividend date was Thursday, March 30th. Americold Realty Trust’s dividend payout ratio is currently -4,400.00%.

Americold Realty Trust Profile

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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.