Americold Realty Trust, Inc. (NYSE:COLD) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 11.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,709 shares of the company’s stock after purchasing an additional 5,702 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Americold Realty Trust were worth $1,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COLD. Signaturefd LLC grew its holdings in Americold Realty Trust by 17.3% in the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after purchasing an additional 689 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock worth $510,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the period. KBC Group NV boosted its stake in shares of Americold Realty Trust by 12.8% in the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after purchasing an additional 845 shares during the period. Finally, MML Investors Services LLC boosted its position in Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after buying an additional 882 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James dropped their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Scotiabank reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a report on Tuesday, December 10th. Citigroup cut their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Finally, Barclays cut their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Stock Up 0.8 %

NYSE:COLD opened at $21.75 on Wednesday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of -21.53, a PEG ratio of 1.64 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $21.77 and a two-hundred day moving average price of $25.17. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -87.13%.

Insider Buying and Selling

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

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.