19,176 Shares in Americold Realty Trust, Inc. (NYSE:COLD) Bought by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC bought a new stake in Americold Realty Trust, Inc. (NYSE:COLD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,176 shares of the company’s stock, valued at approximately $410,000.

Several other institutional investors have also recently bought and sold shares of COLD. Venturi Wealth Management LLC grew its holdings in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after purchasing an additional 2,033 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Americold Realty Trust by 22.2% during the fourth quarter. Sanctuary Advisors LLC now owns 22,619 shares of the company’s stock worth $498,000 after buying an additional 4,105 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Americold Realty Trust by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 54,226 shares of the company’s stock worth $1,160,000 after buying an additional 5,025 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Americold Realty Trust by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,709 shares of the company’s stock worth $1,149,000 after buying an additional 5,702 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock valued at $53,975,000 after acquiring an additional 1,109,528 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares in the company, valued at approximately $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COLD. Barclays reduced their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Robert W. Baird lowered their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Scotiabank cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Raymond James decreased their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Citigroup cut their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Stock Down 2.0 %

Shares of Americold Realty Trust stock opened at $20.98 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $21.64 and a two-hundred day moving average price of $24.93. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.20%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Americold Realty Trust 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.