Envestnet Asset Management Inc. Purchases 176,581 Shares of Americold Realty Trust Inc. $COLD

Envestnet Asset Management Inc. increased its position in Americold Realty Trust Inc. (NYSE:COLD) by 23.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 921,709 shares of the company’s stock after buying an additional 176,581 shares during the period. Envestnet Asset Management Inc.’s holdings in Americold Realty Trust were worth $11,282,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of COLD. Caitong International Asset Management Co. Ltd lifted its position in shares of Americold Realty Trust by 49,833.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after acquiring an additional 1,495 shares in the last quarter. LRI Investments LLC raised its stake in Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. Geneos Wealth Management Inc. raised its stake in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its stake in Americold Realty Trust by 10,869.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore reduced their price objective on shares of Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating on the stock in a research report on Monday, December 22nd. Wells Fargo & Company cut their target price on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Barclays decreased their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Zacks Research raised shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, Bank of America cut Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $13.85.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD opened at $12.33 on Wednesday. The firm has a fifty day simple moving average of $12.79 and a two-hundred day simple moving average of $12.93. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $23.52. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.51 billion, a P/E ratio of -56.05, a PEG ratio of 4.38 and a beta of 0.91.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.23 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.5%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -418.18%.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.