Oak Thistle LLC grew its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) by 1,061.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,109 shares of the company’s stock after buying an additional 122,560 shares during the period. Oak Thistle LLC’s holdings in Americold Realty Trust were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC bought a new stake in Americold Realty Trust during the third quarter worth approximately $485,000. Envestnet Asset Management Inc. raised its holdings in Americold Realty Trust by 23.7% during the third quarter. Envestnet Asset Management Inc. now owns 921,709 shares of the company’s stock worth $11,282,000 after purchasing an additional 176,581 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Americold Realty Trust by 70.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 220,838 shares of the company’s stock worth $2,703,000 after purchasing an additional 90,912 shares in the last quarter. Chilton Capital Management LLC raised its holdings in Americold Realty Trust by 3,914.2% during the third quarter. Chilton Capital Management LLC now owns 454,287 shares of the company’s stock worth $5,654,000 after purchasing an additional 442,970 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Americold Realty Trust during the fourth quarter worth approximately $10,118,000. Institutional investors own 98.14% of the company’s stock.
Americold Realty Trust Trading Up 4.6%
Americold Realty Trust stock opened at $11.94 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -29.86, a price-to-earnings-growth ratio of 4.00 and a beta of 0.90. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $20.75. The firm’s 50 day moving average price is $12.20 and its two-hundred day moving average price is $12.36.
Americold Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, March 31st. Americold Realty Trust’s payout ratio is presently -230.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on COLD shares. Compass Point started coverage on Americold Realty Trust in a report on Wednesday, March 18th. They set a “buy” rating and a $14.50 target price on the stock. Citigroup boosted their target price on Americold Realty Trust from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Wells Fargo & Company boosted their target price on Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Robert W. Baird reissued a “neutral” rating and set a $13.00 target price (down from $16.00) on shares of Americold Realty Trust in a report on Thursday, December 18th. Finally, Barclays decreased their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.30.
Get Our Latest Stock Analysis on Americold Realty Trust
About Americold Realty Trust
Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.
With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.
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