Handelsbanken Fonder AB Purchases 28,600 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Handelsbanken Fonder AB boosted its position in Americold Realty Trust, Inc. (NYSE:COLD) by 64.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,200 shares of the company’s stock after acquiring an additional 28,600 shares during the period. Handelsbanken Fonder AB’s holdings in Americold Realty Trust were worth $2,216,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in COLD. Avior Wealth Management LLC bought a new position in Americold Realty Trust in the third quarter valued at about $284,000. Xponance Inc. boosted its holdings in Americold Realty Trust by 6.5% during the third quarter. Xponance Inc. now owns 9,868 shares of the company’s stock worth $300,000 after buying an additional 603 shares during the last quarter. Raymond James & Associates boosted its holdings in Americold Realty Trust by 2.2% during the third quarter. Raymond James & Associates now owns 113,679 shares of the company’s stock worth $3,457,000 after buying an additional 2,451 shares during the last quarter. Vert Asset Management LLC boosted its holdings in Americold Realty Trust by 7.4% during the third quarter. Vert Asset Management LLC now owns 110,567 shares of the company’s stock worth $3,362,000 after buying an additional 7,653 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Americold Realty Trust by 5.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,992 shares of the company’s stock worth $4,500,000 after buying an additional 7,527 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COLD shares. Scotiabank started coverage on Americold Realty Trust in a report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 target price on the stock. KeyCorp reduced their target price on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, February 29th. Royal Bank of Canada reduced their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Finally, Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $31.00 to $35.00 in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.33.

Americold Realty Trust Trading Down 0.4 %

NYSE COLD opened at $22.25 on Friday. The stock’s 50-day moving average is $24.89 and its 200-day moving average is $27.07. Americold Realty Trust, Inc. has a one year low of $22.22 and a one year high of $33.90. The firm has a market cap of $6.32 billion, a P/E ratio of -18.38, a P/E/G ratio of 1.99 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is presently -72.73%.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.