RDST Capital LLC boosted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) by 13.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,695,825 shares of the company’s stock after purchasing an additional 200,315 shares during the period. Americold Realty Trust comprises about 11.4% of RDST Capital LLC’s investment portfolio, making the stock its biggest position. RDST Capital LLC owned 0.60% of Americold Realty Trust worth $43,311,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. PGGM Investments bought a new position in Americold Realty Trust in the second quarter valued at approximately $114,436,000. Long Pond Capital LP bought a new position in Americold Realty Trust in the first quarter valued at approximately $106,206,000. Principal Financial Group Inc. boosted its position in Americold Realty Trust by 49.6% during the 1st quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock worth $291,526,000 after acquiring an additional 3,879,632 shares during the last quarter. V3 Capital Management L.P. grew its stake in shares of Americold Realty Trust by 181.5% during the 1st quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after acquiring an additional 1,680,275 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC acquired a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $27,996,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.
Americold Realty Trust Trading Up 1.5 %
NYSE:COLD opened at $28.83 on Tuesday. The firm’s fifty day moving average is $28.98 and its 200-day moving average is $26.33. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $31.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $8.19 billion, a P/E ratio of -24.64, a P/E/G ratio of 1.99 and a beta of 0.60.
Americold Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 3.05%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on COLD shares. Evercore ISI raised their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank raised their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Robert W. Baird increased their price target on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Monday, July 1st. Finally, Truist Financial upped their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.91.
View Our Latest Stock Report on COLD
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.
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