Truist Financial Corp lowered its stake in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,916 shares of the company's stock after selling 3,249 shares during the period. Truist Financial Corp's holdings in Americold Realty Trust were worth $859,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Americold Realty Trust by 1.0% in the first quarter. Vanguard Group Inc. now owns 37,799,071 shares of the company's stock valued at $1,053,839,000 after buying an additional 365,487 shares in the last quarter. State Street Corp boosted its position in Americold Realty Trust by 17.1% in the first quarter. State Street Corp now owns 11,546,934 shares of the company's stock valued at $324,412,000 after buying an additional 1,685,692 shares in the last quarter. Capital Research Global Investors boosted its position in Americold Realty Trust by 30.4% in the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company's stock valued at $243,239,000 after buying an additional 2,034,178 shares in the last quarter. Darlington Partners Capital Management LP boosted its position in Americold Realty Trust by 40.9% in the second quarter. Darlington Partners Capital Management LP now owns 4,130,747 shares of the company's stock valued at $124,088,000 after buying an additional 1,199,868 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its position in Americold Realty Trust by 4.9% in the first quarter. Centersquare Investment Management LLC now owns 3,835,806 shares of the company's stock valued at $106,942,000 after buying an additional 180,887 shares in the last quarter. Institutional investors and hedge funds own 98.98% of the company's stock.
Get Americold Realty Trust alerts:Insider Buying and Selling at Americold Realty Trust
In other Americold Realty Trust news, EVP James C. Snyder, Jr. sold 3,400 shares of Americold Realty Trust stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $29.86, for a total value of $101,524.00. Following the completion of the sale, the executive vice president now directly owns 36,812 shares of the company's stock, valued at $1,099,206.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company's stock.
Americold Realty Trust Price Performance
COLD stock opened at $30.60 on Friday. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of -278.18, a PEG ratio of 3.46 and a beta of 0.46. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.14. Americold Realty Trust, Inc. has a 12-month low of $21.49 and a 12-month high of $32.99. The company's fifty day simple moving average is $29.20 and its 200 day simple moving average is $28.71.Americold Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.88%. The ex-dividend date was Thursday, December 29th. Americold Realty Trust's dividend payout ratio (DPR) is currently -800.00%.
Analyst Ratings Changes
A number of brokerages have recently commented on COLD. Truist Financial lowered shares of Americold Realty Trust from a "buy" rating to a "hold" rating and set a $34.00 price target on the stock. in a report on Tuesday. Exane BNP Paribas began coverage on shares of Americold Realty Trust in a report on Wednesday, December 14th. They set an "outperform" rating on the stock. Royal Bank of Canada cut their price target on shares of Americold Realty Trust from $34.00 to $28.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 19th. BNP Paribas began coverage on shares of Americold Realty Trust in a report on Wednesday, December 14th. They set an "outperform" rating and a $38.00 price target on the stock. Finally, Bank of America upgraded shares of Americold Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $27.50 to $33.50 in a report on Monday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $32.19.
Americold Realty Trust Company Profile
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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.
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