Neuberger Berman Group LLC Purchases Shares of 399,246 Americold Realty Trust, Inc. (NYSE:COLD)

Posted by on Jun 9th, 2023

Neuberger Berman Group LLC acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 399,246 shares of the company’s stock, valued at approximately $11,303,000. Neuberger Berman Group LLC owned 0.15% of Americold Realty Trust at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Ellevest Inc. raised its stake in shares of Americold Realty Trust by 402.6% in the fourth quarter. Ellevest Inc. now owns 980 shares of the company’s stock worth $28,000 after purchasing an additional 785 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Americold Realty Trust in the 3rd quarter worth $26,000. IFP Advisors Inc raised its position in shares of Americold Realty Trust by 410.1% during the 4th quarter. IFP Advisors Inc now owns 1,566 shares of the company’s stock worth $49,000 after purchasing an additional 1,259 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Americold Realty Trust in the 4th quarter valued at about $46,000. Finally, CWM LLC boosted its holdings in Americold Realty Trust by 906.9% in the 4th quarter. CWM LLC now owns 2,487 shares of the company’s stock worth $70,000 after buying an additional 2,240 shares during the last quarter. 98.98% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

NYSE COLD opened at $29.70 on Friday. The firm has a market cap of $8.02 billion, a P/E ratio of -1,485.00, a P/E/G ratio of 2.85 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. The business’s 50-day moving average price is $29.20 and its 200 day moving average price is $29.44. Americold Realty Trust, Inc. has a 52-week low of $21.49 and a 52-week high of $32.99.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.88 annualized dividend and a yield of 2.96%. Americold Realty Trust’s dividend payout ratio is currently -4,400.00%.

Analysts Set New Price Targets

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

Americold Realty Trust Profile

(Get Rating)

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.

Read More

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

Receive News & Ratings for Americold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.