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

Americold Realty Trust, Inc. (NYSE:COLD) CFO Jay Wells purchased 10,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Americold Realty Trust Price Performance

COLD opened at $17.70 on Wednesday. Americold Realty Trust, Inc. has a 12-month low of $16.56 and a 12-month high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $21.59. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -52.06, a PEG 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $628.98 million during the quarter, compared to analysts’ expectations of $667.18 million. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Friday, March 28th. Americold Realty Trust’s payout ratio is currently -213.95%.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the fourth quarter worth $25,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust in the first quarter valued at about $36,000. Parallel Advisors LLC grew its holdings 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 valued at $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. grew its holdings in shares of Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Americold Realty Trust by 1,081.4% in the fourth 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 during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COLD. Citigroup lowered their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Scotiabank cut their price target on shares of 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. Finally, Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. 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 an average rating of “Moderate Buy” and an average target price of $28.00.

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.