Raymond James Financial Services Advisors Inc. cut its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,566 shares of the company’s stock after selling 852 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Americold Realty Trust were worth $309,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of COLD. Parallel Advisors LLC grew its position in shares of Americold Realty Trust by 273.3% during the first quarter. Parallel Advisors LLC now owns 1,120 shares of the company’s stock valued at $32,000 after purchasing an additional 820 shares in the last quarter. Quarry LP bought a new position in Americold Realty Trust during the first quarter valued at approximately $34,000. Harbor Capital Advisors Inc. bought a new position in Americold Realty Trust during the second quarter valued at approximately $35,000. Lazard Asset Management LLC boosted its stake in Americold Realty Trust by 185.7% during the fourth quarter. Lazard Asset Management LLC now owns 3,083 shares of the company’s stock valued at $87,000 after buying an additional 2,004 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Americold Realty Trust by 12.0% during the first quarter. Harbor Investment Advisory LLC now owns 4,654 shares of the company’s stock valued at $132,000 after buying an additional 498 shares during the last quarter. 98.14% of the stock is owned by institutional investors.
Analyst Ratings Changes
COLD has been the subject of a number of research reports. Barclays increased their price target on Americold Realty Trust from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Americold Realty Trust in a research note on Monday, October 9th. Finally, Evercore ISI decreased their price target on Americold Realty Trust from $37.00 to $35.00 in a research note on Monday, October 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.79.
Americold Realty Trust Trading Down 3.0 %
COLD opened at $26.81 on Friday. The stock’s fifty day moving average is $30.01 and its two-hundred day moving average is $30.68. The company has a market capitalization of $7.24 billion, a P/E ratio of -63.82, a PEG ratio of 1.59 and a beta of 0.57. Americold Realty Trust, Inc. has a 52 week low of $25.15 and a 52 week high of $33.90. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.22.
Americold Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 3.28%. Americold Realty Trust’s payout ratio is currently -209.52%.
About Americold Realty Trust
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 242 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.
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