Pasadena Private Wealth LLC Sells 730 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Pasadena Private Wealth LLC cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,986 shares of the company’s stock after selling 730 shares during the quarter. Americold Realty Trust makes up about 1.1% of Pasadena Private Wealth LLC’s holdings, making the stock its 21st biggest holding. Pasadena Private Wealth LLC’s holdings in Americold Realty Trust were worth $4,610,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Americold Realty Trust in the 4th quarter worth approximately $677,077,000. Principal Financial Group Inc. increased its position in Americold Realty Trust by 36,753.5% during the fourth quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock valued at $236,676,000 after acquiring an additional 7,797,617 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Americold Realty Trust during the third quarter valued at $40,526,000. Vanguard Group Inc. grew its holdings in shares of Americold Realty Trust by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 38,331,418 shares of the company’s stock worth $1,160,292,000 after purchasing an additional 1,071,074 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. purchased a new stake in Americold Realty Trust in the fourth quarter worth about $30,737,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Down 0.3 %

COLD stock traded down $0.07 during trading on Friday, hitting $25.01. 122,918 shares of the company’s stock were exchanged, compared to its average volume of 2,400,730. The business has a 50-day moving average price of $24.73 and a two-hundred day moving average price of $26.36. Americold Realty Trust, Inc. has a 52-week low of $21.87 and a 52-week high of $33.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank raised shares of 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. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Wednesday. Barclays raised their price objective on Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. KeyCorp cut their target price on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.56.

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.