Steph & Co. Sells 2,103 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Steph & Co. reduced its position in Americold Realty Trust, Inc. (NYSE:COLD) by 36.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,696 shares of the company’s stock after selling 2,103 shares during the quarter. Steph & Co.’s holdings in Americold Realty Trust were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Americold Realty Trust by 12.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,214 shares of the company’s stock valued at $341,000 after acquiring an additional 1,370 shares during the period. Bank of Montreal Can lifted its holdings in shares of Americold Realty Trust by 4.0% during the first quarter. Bank of Montreal Can now owns 70,576 shares of the company’s stock valued at $1,970,000 after acquiring an additional 2,715 shares during the period. MetLife Investment Management LLC bought a new position in shares of Americold Realty Trust during the first quarter valued at $149,000. Great West Life Assurance Co. Can lifted its holdings in shares of Americold Realty Trust by 2.6% during the first quarter. Great West Life Assurance Co. Can now owns 227,009 shares of the company’s stock valued at $6,570,000 after acquiring an additional 5,684 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Americold Realty Trust by 29.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,735,991 shares of the company’s stock valued at $76,279,000 after acquiring an additional 619,710 shares during the period. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of analyst reports. Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $35.00 in a report on Tuesday, January 16th. KeyCorp cut their price objective on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada lowered their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Barclays lowered their target price on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 27th. Finally, Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $23.04 on Thursday. The business has a fifty day moving average of $25.48 and a 200-day moving average of $27.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $6.54 billion, a PE ratio of -19.05, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52. Americold Realty Trust, Inc. has a twelve month low of $22.59 and a twelve month high of $33.90.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 3.82%. Americold Realty Trust’s payout ratio is -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.