Sumitomo Mitsui Trust Group Inc. Raises Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 78.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,522,206 shares of the company’s stock after acquiring an additional 1,109,528 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.89% of Americold Realty Trust worth $53,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC grew its stake in shares of Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after acquiring an additional 165,667 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Americold Realty Trust by 2.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company’s stock valued at $53,367,000 after acquiring an additional 47,795 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Americold Realty Trust by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,272,052 shares of the company’s stock worth $35,961,000 after purchasing an additional 48,525 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Americold Realty Trust by 24.0% in the 3rd quarter. Algert Global LLC now owns 494,246 shares of the company’s stock worth $13,972,000 after purchasing an additional 95,630 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $21.56 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.13 billion, a PE ratio of -21.35, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. The firm’s 50 day moving average price is $21.80 and its 200-day moving average price is $25.23. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on COLD shares. Robert W. Baird reduced their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Citigroup reduced their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Royal Bank of Canada cut their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Raymond James decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Finally, Scotiabank dropped their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Profile

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.