Sumitomo Mitsui DS Asset Management Company Ltd Has $1.32 Million Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,507 shares of the company’s stock after acquiring an additional 1,997 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Americold Realty Trust were worth $1,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its holdings in Americold Realty Trust by 76,044.2% during the 3rd quarter. FMR LLC now owns 6,243,067 shares of the company’s stock worth $189,852,000 after buying an additional 6,234,868 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Americold Realty Trust during the 3rd quarter worth $40,526,000. Invesco Ltd. lifted its holdings in Americold Realty Trust by 9.8% during the 3rd quarter. Invesco Ltd. now owns 6,207,106 shares of the company’s stock worth $188,758,000 after buying an additional 552,287 shares in the last quarter. American Century Companies Inc. lifted its holdings in Americold Realty Trust by 75.4% during the 3rd quarter. American Century Companies Inc. now owns 1,132,735 shares of the company’s stock worth $34,446,000 after buying an additional 487,005 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Americold Realty Trust by 56.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 924,083 shares of the company’s stock worth $28,101,000 after buying an additional 334,449 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Americold Realty Trust Price Performance

COLD opened at $22.52 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust, Inc. has a 12 month low of $22.51 and a 12 month high of $33.90. The company has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $27.13. The stock has a market cap of $6.40 billion, a P/E ratio of -18.61, a P/E/G ratio of 2.01 and a beta of 0.52.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -72.73%.

Americold Realty Trust 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.