Duff & Phelps Investment Management Co. Purchases Shares of 1,015,415 Americold Realty Trust, Inc. (NYSE:COLD)

Duff & Phelps Investment Management Co. acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,015,415 shares of the company’s stock, valued at approximately $30,737,000. Duff & Phelps Investment Management Co. owned 0.36% of Americold Realty Trust at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. VisionPoint Advisory Group LLC grew its holdings in shares of Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the period. Clearstead Advisors LLC purchased a new stake in Americold Realty Trust during the third quarter worth approximately $33,000. GAMMA Investing LLC purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at $50,000. Signaturefd LLC boosted its position in Americold Realty Trust by 23.8% during the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock worth $84,000 after purchasing an additional 528 shares during the period. Finally, Cetera Trust Company N.A acquired a new stake in Americold Realty Trust in the 4th quarter valued at $225,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Down 1.1 %

COLD stock traded down $0.24 during mid-day trading on Tuesday, hitting $22.15. 361,714 shares of the company were exchanged, compared to its average volume of 2,293,401. The firm has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $26.95. The company has a market capitalization of $6.29 billion, a PE ratio of -18.25, a price-to-earnings-growth ratio of 1.96 and a beta of 0.52. Americold Realty Trust, Inc. has a twelve month low of $22.02 and a twelve month high of $33.90. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13.

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 3.97%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is presently -72.73%.

Wall Street Analyst Weigh In

COLD has been the subject of several analyst reports. Scotiabank initiated coverage on Americold Realty Trust in a research report on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 target price for the company. KeyCorp lowered their price objective 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. Wells Fargo & Company began coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 target price on the stock. Barclays lowered their price target on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. Finally, Raymond James upgraded shares of 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

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.