Public Employees Retirement System of Ohio Reduces Position in Americold Realty Trust, Inc. (NYSE:COLD)

Public Employees Retirement System of Ohio decreased its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 15.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 491,608 shares of the company’s stock after selling 89,092 shares during the period. Public Employees Retirement System of Ohio’s holdings in Americold Realty Trust were worth $12,251,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $50,000. Principal Securities Inc. acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $80,000. Signaturefd LLC boosted its holdings in shares of Americold Realty Trust by 24.0% during the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock worth $103,000 after purchasing an additional 659 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Americold Realty Trust during the first quarter worth $220,000. Finally, Cetera Trust Company N.A acquired a new position in Americold Realty Trust in the fourth quarter valued at $225,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COLD shares. Wells Fargo & Company started coverage on Americold Realty Trust in a report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 target price on the stock. Barclays lifted their target price on Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $27.00 to $30.00 in a report on Thursday, May 23rd. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Wednesday, June 26th. Finally, Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $30.60.

Americold Realty Trust Stock Performance

Shares of COLD remained flat at $29.47 during midday trading on Monday. The company’s stock had a trading volume of 2,640,434 shares, compared to its average volume of 2,400,230. The company’s fifty day moving average is $26.55 and its 200-day moving average is $25.94. Americold Realty Trust, Inc. has a 12 month low of $21.87 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

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.