Americold Realty Trust Inc. (NYSE:COLD) Position Lessened by TCW Group Inc.

TCW Group Inc. decreased its stake in Americold Realty Trust Inc. (NYSE:COLD) by 30.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,502 shares of the company’s stock after selling 24,390 shares during the period. TCW Group Inc.’s holdings in Americold Realty Trust were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Americold Realty Trust in the 4th quarter worth approximately $25,000. Parallel Advisors LLC lifted its holdings in shares of Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after purchasing an additional 847 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Americold Realty Trust in the 1st quarter worth approximately $52,000. Finally, Blue Trust Inc. raised its stake in Americold Realty Trust by 3,390.0% during the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company’s stock valued at $60,000 after acquiring an additional 2,712 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $16.23 on Tuesday. 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 company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -37.74, a P/E/G ratio of 2.52 and a beta of 0.84. The stock’s fifty day simple moving average is $16.77 and its 200-day simple moving average is $19.34.

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 net margin of 4.58% and a negative return on equity of 3.60%. The business had revenue of $628.98 million for the quarter, compared to analysts’ expectations of $667.18 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, sell-side 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 company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.67%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -213.95%.

Insider Transactions at Americold Realty Trust

In other news, CFO Jay Wells bought 10,000 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer directly owned 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the stock in a transaction 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 directly owned 110,000 shares of the company’s stock, valued at approximately $1,978,900. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COLD. BNP Paribas Exane downgraded Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Thursday, June 12th. JPMorgan Chase & Co. downgraded Americold Realty Trust from an “overweight” rating to a “neutral” rating and cut their target price for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank reaffirmed a “sector perform” rating and set a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday, May 15th. Barclays cut their target price on Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Finally, Robert W. Baird lowered 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and an average target price of $23.92.

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.