Russell Investments Group Ltd. Boosts Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Russell Investments Group Ltd. boosted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,596 shares of the company’s stock after acquiring an additional 156,805 shares during the quarter. Russell Investments Group Ltd.’s holdings in Americold Realty Trust were worth $34,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of COLD. Van ECK Associates Corp lifted its holdings in Americold Realty Trust by 2.0% in the 2nd quarter. Van ECK Associates Corp now owns 24,525 shares of the company’s stock worth $737,000 after buying an additional 482 shares during the period. Arizona State Retirement System increased its position in Americold Realty Trust by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 72,705 shares of the company’s stock valued at $2,184,000 after buying an additional 593 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Americold Realty Trust by 1.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 66,391 shares of the company’s stock valued at $1,994,000 after buying an additional 700 shares in the last quarter. Venture Visionary Partners LLC bought a new position in Americold Realty Trust during the 2nd quarter valued at approximately $27,000. Finally, Cibc World Markets Corp increased its position in Americold Realty Trust by 0.7% during the 1st quarter. Cibc World Markets Corp now owns 134,288 shares of the company’s stock valued at $3,744,000 after buying an additional 929 shares in the last quarter. 98.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COLD shares. Exane BNP Paribas started coverage on Americold Realty Trust in a research report on Wednesday, December 14th. They set an “outperform” rating for the company. Truist Financial lowered 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, January 17th. BNP Paribas initiated coverage on 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. Royal Bank of Canada cut their target price on Americold Realty Trust from $34.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 19th. Finally, Bank of America upgraded Americold Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $27.50 to $33.50 in a research note on Monday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.19.

Americold Realty Trust Stock Up 1.1 %

COLD stock opened at $30.95 on Wednesday. Americold Realty Trust, Inc. has a 1 year low of $21.49 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.19 and a current ratio of 0.19. The stock’s fifty day moving average price is $29.27 and its 200-day moving average price is $28.66.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.84%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -800.00%.

Insider Transactions at Americold Realty Trust

In other news, EVP James C. Snyder, Jr. sold 3,400 shares of the firm’s stock in a transaction 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 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.

Americold Realty Trust 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.