SG Americas Securities LLC Raises Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

SG Americas Securities LLC boosted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 22.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,323 shares of the company’s stock after purchasing an additional 12,087 shares during the period. SG Americas Securities LLC’s holdings in Americold Realty Trust were worth $1,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of COLD. Norges Bank purchased a new position in Americold Realty Trust during the fourth quarter worth about $478,674,000. Cohen & Steers Inc. raised its stake in Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after purchasing an additional 4,049,374 shares during the period. Alyeska Investment Group L.P. raised its stake in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the period. Invesco Ltd. raised its stake in Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock worth $68,761,000 after purchasing an additional 2,304,867 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after purchasing an additional 1,678,949 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 equities research analysts have recently issued reports on the stock. Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Scotiabank reissued a “sector perform” rating and issued a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. BNP Paribas Exane downgraded shares of Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Thursday, June 12th. Wells Fargo & Company reduced their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. Finally, Robert W. Baird reduced their price target on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.42.

Americold Realty Trust Price Performance

Shares of COLD opened at $16.74 on Tuesday. Americold Realty Trust, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $30.45. The firm’s 50 day moving average price is $18.22 and its 200 day moving average price is $20.45. The company has a market cap of $4.77 billion, a P/E ratio of -49.25, a PEG ratio of 1.66 and a beta of 0.84. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last announced 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). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $628.98 million for the quarter, compared to analysts’ expectations of $667.18 million. During the same period in the previous year, the company earned $0.37 earnings per share. Americold Realty Trust’s quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust’s payout ratio is -213.95%.

Insider Activity

In other Americold Realty Trust news, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the purchase, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jay Wells purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $17.91 per share, with a total value of $179,100.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.23% 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.