Vanderbilt University Raises Stock Position in Americold Realty Trust Inc. (NYSE:COLD)

Vanderbilt University increased its stake in Americold Realty Trust Inc. (NYSE:COLD) by 18.8% during the 1st quarter, HoldingsChannel reports. The firm owned 47,415 shares of the company’s stock after buying an additional 7,489 shares during the period. Vanderbilt University’s holdings in Americold Realty Trust were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Americold Realty Trust in the fourth quarter worth approximately $980,000. Y Intercept Hong Kong Ltd boosted its holdings in Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after purchasing an additional 35,973 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 last quarter. JPMorgan Chase & Co. boosted its holdings 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 last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock worth $26,237,000 after purchasing an additional 29,580 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.1%

Shares of COLD stock opened at $16.78 on Friday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -39.03, a PEG ratio of 1.59 and a beta of 0.84. Americold Realty Trust Inc. has a one year low of $16.11 and a one year high of $30.45. The company’s fifty day moving average price is $18.06 and its 200-day moving average price is $20.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $628.98 million for 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%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. Sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company 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 dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.48%. Americold Realty Trust’s payout ratio is -213.95%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on COLD shares. Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Citigroup dropped their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Robert W. Baird dropped 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. BNP Paribas Exane cut 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. Finally, Wells Fargo & Company dropped 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $25.42.

Insider Activity

In related news, CFO Jay Wells purchased 10,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $179,100. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of Americold Realty Trust 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 acquisition, the chief executive officer now owns 110,000 shares in the company, valued at $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.

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.