Teacher Retirement System of Texas Buys 76,183 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Teacher Retirement System of Texas raised its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 270.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,330 shares of the company’s stock after acquiring an additional 76,183 shares during the quarter. Teacher Retirement System of Texas’ holdings in Americold Realty Trust were worth $2,239,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at $980,000. Envestnet Asset Management Inc. increased its position in Americold Realty Trust by 7.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company’s stock worth $18,352,000 after purchasing an additional 57,248 shares during the period. JPMorgan Chase & Co. increased its position in Americold Realty Trust by 132.0% in 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. Sumitomo Mitsui Trust Group Inc. increased its position in Americold Realty Trust by 2.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,573,754 shares of the company’s stock worth $55,233,000 after purchasing an additional 51,548 shares during the period. Finally, GAMMA Investing LLC increased its position in Americold Realty Trust by 443.4% in the first quarter. GAMMA Investing LLC now owns 6,439 shares of the company’s stock worth $138,000 after purchasing an additional 5,254 shares during the period. 98.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COLD has been the topic of several recent analyst reports. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. KeyCorp cut their target price on Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 1st. Citigroup cut their target price on 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. JPMorgan Chase & Co. cut Americold Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Finally, Wells Fargo & Company decreased their target price on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity

In other Americold Realty Trust news, CFO Jay Wells acquired 10,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the acquisition, the chief financial officer owned 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the purchase, the chief executive officer owned 110,000 shares of the company’s stock, valued at $1,978,900. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $16.27 on Thursday. The company’s 50-day moving average is $17.21 and its 200 day moving average is $19.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $4.63 billion, a P/E ratio of -37.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. Americold Realty Trust Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $30.45.

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). Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The company had revenue of $628.98 million during the quarter, compared to analysts’ expectations of $667.18 million. During the same period last year, the firm posted $0.37 earnings per share. Americold Realty Trust’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust’s dividend payout ratio is presently -213.95%.

About Americold Realty Trust

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.