Illinois Municipal Retirement Fund Purchases 37,156 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Illinois Municipal Retirement Fund increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,628 shares of the company’s stock after acquiring an additional 37,156 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Americold Realty Trust were worth $2,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Americold Realty Trust by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock worth $26,237,000 after purchasing an additional 29,580 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Americold Realty Trust by 139.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after buying an additional 35,973 shares during the last quarter. TCW Group Inc. increased its position in Americold Realty Trust by 21.6% during the 4th quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after buying an additional 14,386 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Americold Realty Trust by 10.6% in the fourth quarter. Handelsbanken Fonder AB now owns 81,700 shares of the company’s stock valued at $1,748,000 after buying an additional 7,800 shares during the last quarter. Finally, Pasadena Private Wealth LLC acquired a new stake in Americold Realty Trust in the fourth quarter worth about $410,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $23.06 on Friday. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.55 billion, a PE ratio of -67.81, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61. The business has a 50-day simple moving average of $21.56 and a 200-day simple moving average of $24.60.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, equities analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.82%. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COLD shares. Scotiabank cut their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Citigroup cut their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Truist Financial lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Royal Bank of Canada cut their target price on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Finally, Robert W. Baird reduced their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $29.17.

Insider Buying and Selling

In related news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.