The Manufacturers Life Insurance Company lowered its stake in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 37.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,799 shares of the company's stock after selling 100,736 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Americold Realty Trust worth $4,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. Venture Visionary Partners LLC acquired a new stake in shares of Americold Realty Trust during the 2nd quarter worth about $27,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Americold Realty Trust during the 3rd quarter worth about $45,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Americold Realty Trust during the 2nd quarter worth about $69,000. Quadrant Capital Group LLC raised its position in shares of Americold Realty Trust by 144.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,363 shares of the company's stock worth $101,000 after acquiring an additional 1,986 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Americold Realty Trust by 24.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,047 shares of the company's stock worth $124,000 after acquiring an additional 989 shares in the last quarter. Institutional investors and hedge funds own 98.98% of the company's stock.
Get Americold Realty Trust alerts:Americold Realty Trust Trading Up 1.2 %
COLD opened at $31.41 on Wednesday. The business's 50 day moving average is $29.52 and its two-hundred day moving average is $28.67. Americold Realty Trust, Inc. has a 52 week low of $21.49 and a 52 week high of $32.99. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of -285.55, a price-to-earnings-growth ratio of 3.58 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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.80%. Americold Realty Trust's dividend payout ratio (DPR) is currently -800.00%.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 that occurred on Thursday, November 10th. The stock was sold at an average price of $29.86, for a total value of $101,524.00. Following the transaction, the executive vice president now directly owns 36,812 shares in the company, valued at approximately $1,099,206.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Exane BNP Paribas assumed coverage on Americold Realty Trust in a research report on Wednesday, December 14th. They set an "outperform" rating on the stock. Truist Financial lowered Americold Realty Trust from a "buy" rating to a "hold" rating and set a $34.00 target price on the stock. in a research report on Tuesday, January 17th. BNP Paribas began coverage on Americold Realty Trust in a research report on Wednesday, December 14th. They set an "outperform" rating and a $38.00 target price on the stock. Bank of America raised 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 research report on Monday, November 14th. Finally, Royal Bank of Canada cut their price target on Americold Realty Trust from $34.00 to $28.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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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