Duff & Phelps Investment Management Co. Makes New $30.74 Million Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Duff & Phelps Investment Management Co. purchased a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,015,415 shares of the company’s stock, valued at approximately $30,737,000.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Americold Realty Trust by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 38,160 shares of the company’s stock worth $1,155,000 after purchasing an additional 6,274 shares in the last quarter. Aew Capital Management L P increased its stake in Americold Realty Trust by 157.5% during the 4th quarter. Aew Capital Management L P now owns 627,497 shares of the company’s stock worth $18,994,000 after acquiring an additional 383,770 shares during the period. GAMMA Investing LLC acquired a new position in Americold Realty Trust in the 4th quarter valued at $50,000. Cetera Trust Company N.A bought a new stake in shares of Americold Realty Trust during the 4th quarter valued at $225,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Americold Realty Trust by 64.1% during the 4th quarter. Handelsbanken Fonder AB now owns 73,200 shares of the company’s stock worth $2,216,000 after purchasing an additional 28,600 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

Shares of NYSE:COLD traded down $0.24 during trading on Tuesday, hitting $22.15. 361,714 shares of the company were exchanged, compared to its average volume of 2,293,401. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust, Inc. has a 1-year low of $22.02 and a 1-year high of $33.90. The company has a market capitalization of $6.29 billion, a P/E ratio of -18.25, a price-to-earnings-growth ratio of 1.96 and a beta of 0.52. The business’s 50 day moving average is $24.69 and its 200-day moving average is $26.95.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -72.73%.

Wall Street Analysts Forecast Growth

COLD has been the subject of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company started coverage on shares of Americold Realty Trust in a report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price target for the company. Barclays decreased their price objective on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th. Scotiabank began coverage on Americold Realty Trust in a research note on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 target price for the company. Finally, Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

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.