Americold Realty Trust, Inc. (NYSE:COLD) Stock Position Lifted by 1832 Asset Management L.P.

1832 Asset Management L.P. grew its position in Americold Realty Trust, Inc. (NYSE:COLD) by 9.2% in the first quarter, Holdings Channel.com reports. The fund owned 438,289 shares of the company’s stock after buying an additional 36,811 shares during the period. 1832 Asset Management L.P.’s holdings in Americold Realty Trust were worth $10,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at about $3,169,000. Asset Management One Co. Ltd. boosted its position in Americold Realty Trust by 21.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 481,328 shares of the company’s stock valued at $14,719,000 after purchasing an additional 86,136 shares during the period. BNP Paribas Financial Markets grew its stake in Americold Realty Trust by 150.9% during the 4th quarter. BNP Paribas Financial Markets now owns 148,201 shares of the company’s stock worth $4,486,000 after buying an additional 89,135 shares during the last quarter. New York Life Investment Management LLC grew its position in Americold Realty Trust by 671.9% in the 4th quarter. New York Life Investment Management LLC now owns 92,920 shares of the company’s stock worth $2,813,000 after purchasing an additional 80,882 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Americold Realty Trust by 28.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,192 shares of the company’s stock valued at $5,757,000 after purchasing an additional 42,200 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COLD. Barclays raised their price target on Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Wells Fargo & Company assumed coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Wednesday, June 26th. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $27.00 to $30.00 in a report on Thursday, May 23rd. Finally, Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Monday, July 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.60.

Americold Realty Trust Stock Up 2.1 %

Shares of Americold Realty Trust stock traded up $0.62 during trading on Friday, hitting $29.47. The stock had a trading volume of 2,697,861 shares, compared to its average volume of 2,160,710. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $33.90. The stock has a 50 day simple moving average of $26.55 and a 200 day simple moving average of $26.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

Americold Realty Trust Profile

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 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.