Thurston Springer Miller Herd & Titak Inc. Acquires New Shares in Americold Realty Trust, Inc. (NYSE:COLD)

Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the second quarter, HoldingsChannel.com reports. The firm bought 3,329 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Americold Realty Trust in the fourth quarter worth about $3,169,000. Asset Management One Co. Ltd. raised its holdings 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 worth $14,719,000 after buying an additional 86,136 shares during the period. BNP Paribas Financial Markets lifted its stake in Americold Realty Trust by 150.9% in the fourth quarter. BNP Paribas Financial Markets now owns 148,201 shares of the company’s stock valued at $4,486,000 after buying an additional 89,135 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Americold Realty Trust by 9.2% in the first quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock valued at $10,922,000 after buying an additional 36,811 shares during the period. Finally, New York Life Investment Management LLC increased its position in shares of Americold Realty Trust by 671.9% during the fourth quarter. New York Life Investment Management LLC now owns 92,920 shares of the company’s stock worth $2,813,000 after acquiring an additional 80,882 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock traded up $0.21 on Wednesday, hitting $29.66. The stock had a trading volume of 285,548 shares, compared to its average volume of 2,383,518. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of -25.17, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $33.90. The business’s 50 day moving average is $27.14 and its two-hundred day moving average is $25.95.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

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