Handelsinvest Investeringsforvaltning Trims Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Handelsinvest Investeringsforvaltning lowered its position in Americold Realty Trust, Inc. (NYSE:COLD) by 34.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 7,785 shares of the company’s stock after selling 4,042 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Americold Realty Trust were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COLD. VisionPoint Advisory Group LLC increased its holdings in shares of Americold Realty Trust by 74.1% in the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the period. GAMMA Investing LLC acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $50,000. Principal Securities Inc. acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $80,000. Signaturefd LLC increased its holdings in shares of Americold Realty Trust by 24.0% in the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after purchasing an additional 659 shares during the period. Finally, Cetera Trust Company N.A acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $225,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays boosted their target price on Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. KeyCorp dropped 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. Wolfe Research raised Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Monday. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Wednesday, June 26th. Finally, Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $30.60.

Americold Realty Trust Trading Up 1.7 %

Shares of COLD stock opened at $26.28 on Thursday. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $33.90. The stock has a market cap of $7.46 billion, a P/E ratio of -22.46, a P/E/G ratio of 1.81 and a beta of 0.59. The business has a fifty day simple moving average of $24.98 and a 200-day simple moving average of $26.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, June 28th. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

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.