Vert Asset Management LLC Purchases 8,257 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Vert Asset Management LLC boosted its position in Americold Realty Trust, Inc. (NYSE:COLD) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,735 shares of the company’s stock after purchasing an additional 8,257 shares during the quarter. Americold Realty Trust comprises about 1.2% of Vert Asset Management LLC’s portfolio, making the stock its 24th biggest holding. Vert Asset Management LLC’s holdings in Americold Realty Trust were worth $2,909,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC raised its holdings in shares of Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after buying an additional 389 shares in the last quarter. GAMMA Investing LLC bought a new position in Americold Realty Trust in the fourth quarter worth approximately $50,000. Principal Securities Inc. bought a new position in Americold Realty Trust in the fourth quarter worth approximately $80,000. Signaturefd LLC raised its stake in shares of Americold Realty Trust by 24.0% in 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. Finally, Cetera Trust Company N.A purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth approximately $225,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

NYSE:COLD traded down $0.16 during mid-day trading on Thursday, reaching $25.40. 414,063 shares of the company’s stock traded hands, compared to its average volume of 2,404,437. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $33.90. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $24.69 and a 200-day moving average price of $26.37.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 annualized dividend and a yield of 3.46%. Americold Realty Trust’s payout ratio is -75.21%.

Analyst Ratings Changes

A number of analysts recently commented on COLD shares. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Thursday, February 29th. KeyCorp dropped their price objective 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. Wells Fargo & Company started coverage on Americold Realty Trust in a research report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price target on the stock. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Finally, Barclays lifted their price objective on Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.56.

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.