Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Posted by Defense World Staff on Aug 13th, 2023

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) by 16.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,058 shares of the company’s stock after buying an additional 19,201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Americold Realty Trust were worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COLD. Arizona State Retirement System lifted its position 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 valued at $2,152,000 after buying an additional 2,833 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Americold Realty Trust by 12.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 4,654 shares of the company’s stock worth $132,000 after acquiring an additional 498 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Americold Realty Trust by 13.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,510 shares of the company’s stock worth $1,181,000 after purchasing an additional 4,962 shares during the period. Bbjs Financial Advisors LLC acquired a new position in Americold Realty Trust during the fourth quarter worth $605,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Americold Realty Trust by 5.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 766,358 shares of the company’s stock worth $21,696,000 after acquiring an additional 41,456 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Analysts Set New Price Targets

COLD has been the topic of several research reports. Evercore ISI increased their price target on shares of Americold Realty Trust from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Royal Bank of Canada raised shares of Americold Realty Trust from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $33.00 to $36.00 in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.64.

View Our Latest Report on Americold Realty Trust

Americold Realty Trust Price Performance

Shares of COLD opened at $31.96 on Friday. The company has a debt-to-equity ratio of 0.22, 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 $33.71. The stock has a market cap of $8.64 billion, a PE ratio of -76.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53. The firm has a fifty day moving average price of $31.87 and a 200 day moving average price of $30.33.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.75%. Americold Realty Trust’s dividend payout ratio is presently -209.52%.

Americold Realty Trust Company Profile

(Free Report)

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 243 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.