M&T Bank Corp Has $820,000 Holdings in Americold Realty Trust Inc. (NYSE:COLD)

M&T Bank Corp decreased its position in Americold Realty Trust Inc. (NYSE:COLD) by 5.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 38,184 shares of the company’s stock after selling 2,093 shares during the period. M&T Bank Corp’s holdings in Americold Realty Trust were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Americold Realty Trust during the 4th quarter valued at about $980,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Americold Realty Trust by 3,946.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock worth $126,000 after purchasing an additional 5,723 shares during the period. Swiss National Bank grew its position in Americold Realty Trust by 0.8% during the fourth quarter. Swiss National Bank now owns 531,000 shares of the company’s stock valued at $11,363,000 after purchasing an additional 4,300 shares in the last quarter. Vestcor Inc acquired a new position in Americold Realty Trust in the 4th quarter valued at approximately $86,000. Finally, Cibc World Markets Corp lifted its position in Americold Realty Trust by 10.1% in the 4th quarter. Cibc World Markets Corp now owns 76,080 shares of the company’s stock worth $1,628,000 after buying an additional 6,992 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $16.37 on Tuesday. The firm has a market capitalization of $4.66 billion, a PE ratio of -38.06, a PEG ratio of 1.95 and a beta of 0.84. Americold Realty Trust Inc. has a 1 year low of $16.06 and a 1 year high of $30.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $17.10 and its 200 day simple moving average is $19.71.

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

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.62%. Americold Realty Trust’s dividend payout ratio is -213.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on COLD. Wells Fargo & Company lowered 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 report on Monday, May 19th. Citigroup lowered 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. Barclays raised Americold Realty Trust from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Robert W. Baird lowered their price target on Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Finally, BNP Paribas Exane downgraded Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Thursday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling at Americold Realty Trust

In related news, CFO Jay Wells bought 10,000 shares of the business’s 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 trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was bought at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer directly owned 110,000 shares in the company, valued at approximately $1,978,900. The trade was 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.