Americold Realty Trust, Inc. (NYSE:COLD) CFO Jay Wells Acquires 10,000 Shares

Americold Realty Trust, Inc. (NYSE:COLD) CFO Jay Wells bought 10,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $179,100. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Americold Realty Trust Trading Down 1.4%

Shares of Americold Realty Trust stock opened at $17.58 on Tuesday. The firm has a 50-day simple moving average of $20.16 and a two-hundred day simple moving average of $21.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $30.45. The company has a market cap of $5.01 billion, a P/E ratio of -51.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, equities analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 5.23%. Americold Realty Trust’s dividend payout ratio is currently -213.95%.

Wall Street Analyst Weigh In

COLD has been the topic of a number of analyst reports. Scotiabank cut their price target on Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 10th. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Finally, Citigroup lowered their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Institutional Trading of Americold Realty Trust

Institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new position in Americold Realty Trust in the 4th quarter valued at about $25,000. GKV Capital Management Co. Inc. purchased a new position in shares of Americold Realty Trust in the first quarter valued at approximately $36,000. Parallel Advisors LLC boosted its stake in shares of Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares during the last quarter. Assetmark Inc. increased its position in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after purchasing an additional 2,033 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.