Fulton Bank N.A. Sells 2,478 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Fulton Bank N.A. lowered its position in Americold Realty Trust, Inc. (NYSE:COLD) by 2.0% during the 1st quarter, Holdings Channel reports. The fund owned 122,527 shares of the company’s stock after selling 2,478 shares during the period. Fulton Bank N.A.’s holdings in Americold Realty Trust were worth $3,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC lifted 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 in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Americold Realty Trust by 5.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,542 shares of the company’s stock valued at $260,000 after purchasing an additional 423 shares in the last quarter. Capital Square LLC increased its position in shares of Americold Realty Trust by 1.2% during the fourth quarter. Capital Square LLC now owns 42,595 shares of the company’s stock valued at $1,289,000 after acquiring an additional 511 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Americold Realty Trust by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 118,606 shares of the company’s stock valued at $3,607,000 after acquiring an additional 600 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Americold Realty Trust by 24.0% during the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after acquiring an additional 659 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Scotiabank raised Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Royal Bank of Canada decreased their price target on 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. KeyCorp decreased their price target on 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. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Thursday, February 29th. Finally, Barclays raised their target price on Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $30.78.

Americold Realty Trust Stock Performance

Shares of NYSE COLD traded down $0.27 during mid-day trading on Thursday, hitting $25.38. The company had a trading volume of 1,650,602 shares, compared to its average volume of 2,435,417. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -21.69, a P/E/G ratio of 1.82 and a beta of 0.60. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $33.90. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $24.52 and its 200-day moving average price is $26.46.

Americold Realty Trust Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, June 28th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

About Americold Realty Trust

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.