Americold Realty Trust, Inc. (NYSE:COLD) Stake Lifted by HighTower Advisors LLC

Posted by on May 19th, 2023

HighTower Advisors LLC increased its stake in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,971 shares of the company’s stock after acquiring an additional 5,711 shares during the period. HighTower Advisors LLC owned approximately 0.08% of Americold Realty Trust worth $6,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COLD. Ellevest Inc. lifted its stake in Americold Realty Trust by 402.6% during the fourth quarter. Ellevest Inc. now owns 980 shares of the company’s stock valued at $28,000 after purchasing an additional 785 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Americold Realty Trust during the third quarter valued at approximately $26,000. IFP Advisors Inc lifted its stake in Americold Realty Trust by 410.1% during the fourth quarter. IFP Advisors Inc now owns 1,566 shares of the company’s stock valued at $49,000 after purchasing an additional 1,259 shares during the last quarter. CWM LLC lifted its stake in Americold Realty Trust by 906.9% during the fourth quarter. CWM LLC now owns 2,487 shares of the company’s stock valued at $70,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Americold Realty Trust during the fourth quarter valued at approximately $92,000. 98.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Americold Realty Trust Stock Performance

Shares of COLD opened at $29.49 on Friday. The company’s fifty day moving average is $28.78 and its 200-day moving average is $29.24. Americold Realty Trust, Inc. has a 12 month low of $21.49 and a 12 month high of $32.99. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -1,474.50, a price-to-earnings-growth ratio of 2.78 and a beta of 0.50. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.19.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.98%. Americold Realty Trust’s dividend payout ratio (DPR) is -4,400.00%.

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.

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Institutional Ownership by Quarter for Americold Realty Trust (NYSE:COLD)

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