Insider Buying: Americold Realty Trust, Inc. (NYSE:COLD) CEO Purchases 110,000 Shares of Stock

Americold Realty Trust, Inc. (NYSE:COLD) CEO George F. Jr. Chappelle bought 110,000 shares of Americold Realty Trust stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the purchase, the chief executive officer now owns 110,000 shares in the company, valued at approximately $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Americold Realty Trust Stock Up 0.1%

Americold Realty Trust stock opened at $17.96 on Friday. The firm has a market capitalization of $5.11 billion, a P/E ratio of -52.82, a P/E/G ratio of 1.66 and a beta of 0.95. The stock’s fifty day simple moving average is $19.88 and its 200-day simple moving average is $21.51. Americold Realty Trust, Inc. has a twelve month low of $16.56 and a twelve 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.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. Americold Realty Trust’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. As a group, equities analysts expect 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 paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.12%. The ex-dividend date was Friday, March 28th. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio is currently -213.95%.

Institutional Trading of Americold Realty Trust

Large investors have recently made changes to their positions in the company. Barclays PLC raised its position in Americold Realty Trust by 22.3% in the 3rd quarter. Barclays PLC now owns 98,739 shares of the company’s stock valued at $2,791,000 after purchasing an additional 18,015 shares during the last quarter. Franklin Resources Inc. grew its position in Americold Realty Trust by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company’s stock valued at $6,564,000 after buying an additional 30,831 shares during the last quarter. Wedmont Private Capital increased its stake in Americold Realty Trust by 55.4% in the 4th quarter. Wedmont Private Capital now owns 13,667 shares of the company’s stock valued at $286,000 after buying an additional 4,870 shares during the period. Park Avenue Securities LLC raised its position in Americold Realty Trust by 19.6% during the 4th quarter. Park Avenue Securities LLC now owns 21,156 shares of the company’s stock worth $453,000 after buying an additional 3,464 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in Americold Realty Trust by 34.5% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,310 shares of the company’s stock worth $520,000 after buying an additional 6,236 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Scotiabank reaffirmed a “sector perform” rating and set a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday. Finally, Citigroup cut their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $27.64.

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.