Park Place Capital Corp Trims Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Park Place Capital Corp lowered its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,243 shares of the company’s stock after selling 1,243 shares during the quarter. Park Place Capital Corp’s holdings in Americold Realty Trust were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mariner LLC increased its holdings in Americold Realty Trust by 17.0% in the 3rd quarter. Mariner LLC now owns 26,511 shares of the company’s stock worth $806,000 after acquiring an additional 3,843 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Americold Realty Trust by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 118,606 shares of the company’s stock worth $3,607,000 after acquiring an additional 600 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Americold Realty Trust by 61.3% in the 3rd quarter. Gotham Asset Management LLC now owns 51,381 shares of the company’s stock worth $1,562,000 after acquiring an additional 19,526 shares in the last quarter. Earnest Partners LLC increased its holdings in Americold Realty Trust by 1.9% in the 3rd quarter. Earnest Partners LLC now owns 1,360,423 shares of the company’s stock worth $41,370,000 after acquiring an additional 25,188 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Americold Realty Trust by 14.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 555,543 shares of the company’s stock worth $16,894,000 after acquiring an additional 72,197 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Monday. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Wednesday, June 26th. Barclays upped their price target on Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $27.00 to $30.00 in a research note on Thursday, May 23rd. Finally, KeyCorp dropped their price target 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.60.

Americold Realty Trust Stock Up 0.8 %

NYSE COLD opened at $25.86 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $7.35 billion, a P/E ratio of -22.10, a P/E/G ratio of 1.81 and a beta of 0.59. Americold Realty Trust, Inc. has a one year low of $21.87 and a one year high of $33.90. The stock has a 50 day moving average price of $24.91 and a 200-day moving average price of $26.23.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.40%. Americold Realty Trust’s dividend payout ratio is currently -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.