Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Mirae Asset Global Investments Co. Ltd. lessened its position in Americold Realty Trust, Inc. (NYSE:COLD) by 28.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,533 shares of the company’s stock after selling 2,941 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Americold Realty Trust were worth $161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares in the last quarter. GAMMA Investing LLC lifted its position in Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after buying an additional 735 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Americold Realty Trust during the third quarter worth $55,000. Blue Trust Inc. increased its stake in Americold Realty Trust by 29.5% during the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after acquiring an additional 883 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Americold Realty Trust during the third quarter worth $128,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped 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 dropped their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Raymond James lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Barclays lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Stock Up 0.3 %

COLD opened at $21.45 on Friday. The business has a 50 day moving average price of $21.74 and a two-hundred day moving average price of $25.15. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.10 billion, a PE ratio of -21.23, a P/E/G ratio of 1.64 and a beta of 0.61. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.10%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Insider Buying and Selling at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was 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. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

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.