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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 9,177 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Defense World · Jan 20, 2023 07:21

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,401 shares of the company's stock after purchasing an additional 9,177 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.'s holdings in Americold Realty Trust were worth $3,208,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in Americold Realty Trust by 126.5% during the third quarter. SG Americas Securities LLC now owns 76,449 shares of the company's stock valued at $1,881,000 after acquiring an additional 42,692 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Americold Realty Trust by 1.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 620,339 shares of the company's stock valued at $15,260,000 after acquiring an additional 8,668 shares during the period. Aew Capital Management L P boosted its holdings in Americold Realty Trust by 194.1% during the third quarter. Aew Capital Management L P now owns 1,535,527 shares of the company's stock valued at $37,774,000 after acquiring an additional 1,013,380 shares during the period. Money Concepts Capital Corp boosted its holdings in Americold Realty Trust by 5,247.2% during the third quarter. Money Concepts Capital Corp now owns 32,404 shares of the company's stock valued at $797,000 after acquiring an additional 31,798 shares during the period. Finally, Covea Finance boosted its holdings in Americold Realty Trust by 80.4% during the third quarter. Covea Finance now owns 92,000 shares of the company's stock valued at $2,263,000 after acquiring an additional 41,000 shares during the period. 98.98% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Americold Realty Trust from $34.00 to $28.00 and set a "sector perform" rating for the company in a report on Wednesday, October 19th. Exane BNP Paribas began coverage on shares of Americold Realty Trust in a research report on Wednesday, December 14th. They set an "outperform" rating for the company. Bank of America raised shares of Americold Realty Trust from a "neutral" rating to a "buy" rating and upped their price objective for the company from $27.50 to $33.50 in a research report on Monday, November 14th. BNP Paribas began coverage on shares of Americold Realty Trust in a research report on Wednesday, December 14th. They set an "outperform" rating and a $38.00 price objective for the company. Finally, Truist Financial lowered shares of Americold Realty Trust from a "buy" rating to a "hold" rating and set a $34.00 price objective for the company. in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.19.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $30.42 on Friday. Americold Realty Trust, Inc. has a 12-month low of $21.49 and a 12-month high of $32.99. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $8.20 billion, a PE ratio of -276.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.46. The firm has a 50-day moving average price of $29.16 and a 200 day moving average price of $28.71.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, December 29th. Americold Realty Trust's dividend payout ratio (DPR) is presently -800.00%.

Insider Buying and Selling

In other news, EVP James C. Snyder, Jr. sold 3,400 shares of the firm's stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $29.86, for a total transaction of $101,524.00. Following the completion of the sale, the executive vice president now owns 36,812 shares of the company's stock, valued at $1,099,206.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.18% of the company's stock.

About Americold Realty Trust

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Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio.