In a striking display of investment prowess, Manning & Napier Group LLC has raised eyebrows with its formidable stake in Americold Realty Trust, Inc. The leading global provider of temperature-controlled logistics real estate and value-added services has seen an impressive 72.5% increase in shares held by Manning & Napier Group LLC during the first quarter of this year. This notable achievement was disclosed in their most recent Form 13F filing with the Securities & Exchange Commission.
As it stands, Manning & Napier Group LLC holds an astounding 197,315 shares of Americold Realty Trust, reaffirming their commitment to this lucrative market sector. The firm’s acquisition of an additional 82,950 shares during this period underscores their unwavering confidence in the bright future that lies ahead for Americold Realty Trust. Remarkably, this robust holding is estimated to be valued at a staggering $5,614,000 based on the company’s most recent SEC filing.
Americold Realty Trust stands as an indisputable world leader in temperature-controlled logistics real estate and value-added services. With a primary focus on ownership, operation, acquisition, and development of temperature-controlled warehouses worldwide, the company leaves no room for doubt about its prominence within the industry. In total, they possess or operate an impressive empire of 243 temperature-controlled warehouses across North America, Europe, Asia-Pacific, and South America.
Investors are keen to learn that Americold Realty Trust has also recently announced its quarterly dividend payment schedule. Set to be disbursed on Friday, July 14th this year; loyal investors who have held shares as of Friday June 30th will be entitled to receive a dividend amounting to $0.22 per share owned. When annualized, this represents a substantial dividend yield of 2.77%, making it a gratifying prospect for those who have invested their faith and funds into Americold Realty Trust.
Despite claims that there may be a sense of perplexity surrounding the dividend payout ratio, which currently stands at -4,400.00%, industry experts remain unfazed. Such figures are often the result of a unique set of circumstances or financial intricacies and should not be taken at face value. It is crucial for investors to focus on the remarkable potential and robust performance exhibited by Americold Realty Trust rather than becoming fixated on isolated payout ratios.
As Thursday, June 29th approaches, financial analysts anticipate heightened investor activity due to the ex-dividend date for this sought-after dividend payment. This anticipation only serves to underscore the confidence demonstrated by Manning & Napier Group LLC in their recent acquisition and those who have invested wisely in Americold Realty Trust.
With its outstanding global presence and extensive network of temperature-controlled warehouses, Americold Realty Trust is undoubtedly poised for continued success on an international scale. Investors who recognize the immense value behind this innovative company stand to reap substantial rewards as they navigate through a dynamic market landscape.
June 28, 2023 marks an important date for both companies involved in this captivating story; Manning & Napier Group LLC’s triumphant increase in share ownership has firmly established them as astute investment leaders while simultaneously shining a spotlight on Americold Realty Trust’s bright prospects within the temperature-controlled logistics real estate sector. As these entities march forward into uncharted territory, it would be unwise to underestimate their tremendous potential for growth and profitability alike.
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Title: Growing Interest in Americold Realty Trust from Institutional Investors and Hedge Funds
Title: Institutional Investors and Hedge Funds Show Growing Interest in Americold Realty Trust
Introduction:
Americold Realty Trust, Inc. has recently attracted substantial attention from institutional investors and hedge funds, as reflected by their increased holdings of the company’s stock. Notably, Norges Bank acquired a significant position in Americold Realty Trust during the fourth quarter of the previous year. Furthermore, Capital Research Global Investors, State Street Corp, Macquarie Group Ltd., and Millennium Management LLC have also demonstrated considerable interest in this emerging real estate investment trust (REIT). These developments suggest a growing confidence among sophisticated investors regarding the potential of Americold Realty Trust.
Investor Activity and Holdings:
Norges Bank established a new position in Americold Realty Trust with an approximate value of $441,452,000 in the most recent quarter. Capital Research Global Investors augmented its stake by 30.4% during the first quarter to hold 8,724,508 shares, valued at $243,239,000. Similarly, State Street Corp raised its stake by 17.1% to own 11,546,934 shares worth $324,412,000. Macquarie Group Ltd., on the other hand saw growth of 1-0990.% increasing its position to include 1-0679,% additional shares valued at $33,025 million last quarter.
Notably, Millennium Management LLC increased its position significantly with an impressive growth rate of 4065%, adding 862188 million shares valued at $30.413 million. The cumulative effect is that institutional investors and hedge funds now collectively hold a substantial majority (95.62%) of Americold Realty Trust’s stock.
Market Performance:
On Wednesday June 28th , COLD stock opened at $31.80 per share. Over the past year,the company’s stock has seen non-significant fluctuations between a low of $21.49 and a high of $32.99, suggesting reasonable stability in its performance. With COLD’s fifty-day simple moving average at $30.00 and the two-hundred-day simple moving averaging standing at $29.62, the stock appears to be on a relatively stable trajectory.
Rating and Analyst Reports:
Various research analysts have evaluated Americold Realty Trust recently, offering valuable insights into the company’s potential. JPMorgan Chase & Co., for example, issued a “neutral” rating and increased its target price from $31.00 to $32.00 in a research report released on April 5th . Similarly, Barclays upgraded the company’s rating from “underweight” to “equal weight,” also raising the target price to $32.00 from $30.00 in their report published on March 23rd.
Moreover, Royal Bank of Canada went ahead to upgrade Americold Realty Trust’s rating from “sector perform” to “outperform,” with an adjusted target price range of $36.00 compared to the previous estimate of $33.00 per share.The consensus among the advisory firms is that Americold Realty Trust has a ‘Moderate Buy’ outlook with an average target price of approximately $33.94.
Conclusion:
The recent activity by institutional investors and hedge funds indicates that Americold Realty Trust has been increasingly attractive as an investment option within the real estate market. The rising interest from reputable investors coincides with moderate but consistent stock performance, further solidifying confidence in the company’s potential growth prospects.
It remains crucial for investors and stakeholders alike to carefully monitor any future developments concerning Americold Realty Trust as it continues to capture attention within this dynamic sector of the market.