Pasadena Private Wealth LLC Takes $410,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

Pasadena Private Wealth LLC bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,176 shares of the company’s stock, valued at approximately $410,000.

Several other large investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after purchasing an additional 123,776 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Americold Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after acquiring an additional 165,667 shares during the period. SG Americas Securities LLC increased its stake in shares of Americold Realty Trust by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock worth $1,139,000 after purchasing an additional 17,295 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Americold Realty Trust by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 21,156 shares of the company’s stock valued at $453,000 after purchasing an additional 3,464 shares during the period. Finally, Foresight Group Ltd Liability Partnership lifted its stake in Americold Realty Trust by 19.5% in the 4th quarter. Foresight Group Ltd Liability Partnership now owns 87,860 shares of the company’s stock valued at $1,864,000 after purchasing an additional 14,320 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on COLD. Truist Financial lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada cut their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Barclays decreased their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Raymond James reduced 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 report on Wednesday, December 11th. Finally, Robert W. Baird lowered their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Stock Down 2.0 %

Shares of COLD stock opened at $20.98 on Wednesday. The stock has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $24.93. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by 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.