Americold Realty Trust Inc. (NYSE:COLD) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Americold Realty Trust Inc. (NYSE:COLD) by 443.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,439 shares of the company’s stock after purchasing an additional 5,254 shares during the period. GAMMA Investing LLC’s holdings in Americold Realty Trust were worth $138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of COLD. Brown Brothers Harriman & Co. acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at about $25,000. Parallel Advisors LLC lifted its position in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares in the last quarter. Vestcor Inc acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $86,000. Aster Capital Management DIFC Ltd acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $86,000. Finally, Cetera Trust Company N.A lifted its position in Americold Realty Trust by 77.2% during the 1st quarter. Cetera Trust Company N.A now owns 4,075 shares of the company’s stock worth $87,000 after acquiring an additional 1,775 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

COLD stock opened at $16.88 on Friday. Americold Realty Trust Inc. has a 52-week low of $16.11 and a 52-week high of $30.45. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.81 billion, a PE ratio of -39.25, a P/E/G ratio of 1.99 and a beta of 0.84. The stock’s 50 day moving average is $17.42 and its two-hundred day moving average is $19.89.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. Americold Realty Trust’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.45%. Americold Realty Trust’s payout ratio is currently -213.95%.

Insiders Place Their Bets

In related news, CFO Jay Wells acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the purchase, the chief executive officer owned 110,000 shares in the company, valued at $1,978,900. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COLD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $21.00 in a research report on Monday, June 23rd. Citigroup reduced their price target on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Scotiabank reissued a “sector perform” rating and set a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Robert W. Baird reduced their price target on Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Americold Realty Trust 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.