First Hawaiian Bank Decreases Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

First Hawaiian Bank reduced its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 57.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,500 shares of the company’s stock after selling 20,601 shares during the quarter. First Hawaiian Bank’s holdings in Americold Realty Trust were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COLD. GAMMA Investing LLC purchased a new position in shares of Americold Realty Trust during the fourth quarter valued at approximately $50,000. Principal Securities Inc. bought a new stake in Americold Realty Trust in the fourth quarter valued at $80,000. Signaturefd LLC increased its position in Americold Realty Trust by 24.0% during the 4th quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after purchasing an additional 659 shares during the period. Norden Group LLC bought a new position in Americold Realty Trust in the 1st quarter worth $220,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of Americold Realty Trust in the 4th quarter worth about $225,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on COLD shares. Wells Fargo & Company assumed 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 price target on the stock. Barclays increased 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. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. JPMorgan Chase & Co. raised Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Wednesday, June 26th. Finally, Wolfe Research raised Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.60.

Americold Realty Trust Stock Up 2.5 %

Shares of Americold Realty Trust stock traded up $0.73 on Tuesday, reaching $29.84. 2,424,400 shares of the company were exchanged, compared to its average volume of 2,393,369. 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, Inc. has a 1-year low of $21.87 and a 1-year high of $33.90. The company has a market cap of $8.48 billion, a P/E ratio of -24.89, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. The stock’s 50 day moving average price is $27.00 and its 200-day moving average price is $25.95.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.95%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -75.21%.

Americold Realty Trust 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.