Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 9.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,412,678 shares of the company's stock after acquiring an additional 123,776 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.50% of Americold Realty Trust worth $39,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of COLD. Assetmark Inc. increased 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 valued at $28,000 after acquiring an additional 961 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock valued at $32,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. lifted its stake in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company's stock worth $75,000 after purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust in the 2nd quarter worth approximately $85,000. Finally, Signaturefd LLC boosted its holdings in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $102,000 after buying an additional 740 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI increased their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Barclays raised their target price on Americold Realty Trust from $25.00 to $28.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Truist Financial boosted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, August 16th. Wells Fargo & Company raised their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Finally, Scotiabank increased 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $30.73.

Americold Realty Trust Trading Up 0.4 %

NYSE COLD traded up $0.09 on Friday, hitting $21.82. 2,522,510 shares of the stock were exchanged, compared to its average volume of 2,192,365. Americold Realty Trust, Inc. has a 52-week low of $21.53 and a 52-week high of $30.92. The firm has a market capitalization of $6.20 billion, a P/E ratio of -21.60, a P/E/G ratio of 1.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.15. The stock has a fifty day moving average price of $26.67 and a two-hundred day moving average price of $26.85.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. Research analysts forecast that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -87.13%.

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.