abrdn plc Purchases 17,279 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

abrdn plc increased its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 30.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 73,723 shares of the company’s stock after purchasing an additional 17,279 shares during the period. abrdn plc’s holdings in Americold Realty Trust were worth $1,563,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after buying an additional 3,844,603 shares in the last quarter. NFJ Investment Group LLC bought a new position in Americold Realty Trust during the third quarter worth about $7,320,000. Easterly Investment Partners LLC raised its stake in Americold Realty Trust by 174.6% in the 3rd quarter. Easterly Investment Partners LLC now owns 334,081 shares of the company’s stock worth $9,444,000 after purchasing an additional 212,426 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 purchasing an additional 165,667 shares during the period. Finally, Presima Securities ULC acquired a new position in shares of Americold Realty Trust during the 3rd quarter worth approximately $3,589,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insider Buying and Selling at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on COLD shares. Robert W. Baird lowered their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Truist Financial dropped their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Scotiabank reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Citigroup dropped their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Finally, Barclays reduced their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Stock Down 0.6 %

Americold Realty Trust stock opened at $21.56 on Tuesday. Americold Realty Trust, Inc. has a one year low of $20.41 and a one year high of $30.45. The stock has a fifty day moving average of $21.80 and a 200 day moving average of $25.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market cap of $6.13 billion, a PE ratio of -21.35, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.

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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is -87.13%.

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.