Sumitomo Mitsui Trust Group Inc. Acquires 1,109,528 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Sumitomo Mitsui Trust Group Inc. grew its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 78.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,522,206 shares of the company’s stock after acquiring an additional 1,109,528 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Americold Realty Trust were worth $53,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Creative Planning purchased a new stake in Americold Realty Trust during the 2nd quarter valued at approximately $462,000. Sanctuary Advisors LLC bought a new position in shares of Americold Realty Trust during the second quarter worth $720,000. GAMMA Investing LLC increased its holdings in Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares during the last quarter. CWM LLC lifted its stake in Americold Realty Trust by 105.2% in the 3rd quarter. CWM LLC now owns 41,859 shares of the company’s stock worth $1,183,000 after purchasing an additional 21,457 shares in the last quarter. Finally, Presima Securities ULC bought a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $3,589,000. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COLD. Robert W. Baird reduced their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Citigroup decreased their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Scotiabank cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a report on Tuesday, December 10th. Barclays decreased 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 note on Monday, November 18th. Finally, Royal Bank of Canada reduced their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Activity

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Americold Realty Trust Trading Down 0.6 %

Shares of NYSE COLD opened at $21.56 on Tuesday. Americold Realty Trust, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $30.45. 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 company has a market cap of $6.13 billion, a price-to-earnings ratio of -21.35, a PEG ratio of 1.64 and a beta of 0.61. The business’s 50 day moving average price is $21.80 and its 200-day moving average price is $25.23.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.08%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Americold Realty Trust Company 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.