Pasadena Private Wealth LLC Reduces Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Pasadena Private Wealth LLC lessened its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,986 shares of the company’s stock after selling 730 shares during the quarter. Americold Realty Trust accounts for 1.1% of Pasadena Private Wealth LLC’s portfolio, making the stock its 21st largest position. Pasadena Private Wealth LLC owned approximately 0.07% of Americold Realty Trust worth $4,610,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in COLD. VisionPoint Advisory Group LLC boosted its stake in shares of Americold Realty Trust by 74.1% in the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after buying an additional 389 shares during the last quarter. GAMMA Investing LLC acquired a new position in Americold Realty Trust in the 4th quarter worth about $50,000. Principal Securities Inc. acquired a new position in shares of Americold Realty Trust during the fourth quarter valued at approximately $80,000. Signaturefd LLC raised 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 valued at $103,000 after acquiring an additional 659 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in shares of Americold Realty Trust during the fourth quarter valued at approximately $225,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank raised Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and increased their price target 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 price objective on the stock in a research note on Wednesday. Wells Fargo & Company started coverage on Americold Realty Trust in a research note on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target on the stock. Barclays lifted their target price on Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Finally, KeyCorp lowered their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded down $0.07 on Friday, reaching $25.01. 122,918 shares of the stock were exchanged, compared to its average volume of 2,400,730. The firm has a fifty day moving average price of $24.73 and a two-hundred day moving average price of $26.36. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve 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.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.22 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.52%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Americold Realty Trust 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.