Americold Realty Trust Inc. (NYSE:COLD) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its position in Americold Realty Trust Inc. (NYSE:COLD) by 37.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 633,812 shares of the company’s stock after selling 384,995 shares during the quarter. Americold Realty Trust accounts for about 1.1% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 21st largest holding. Easterly Investment Partners LLC’s holdings in Americold Realty Trust were worth $13,602,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its stake in shares of Americold Realty Trust by 16.3% during the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after buying an additional 4,049,374 shares during the last quarter. Norges Bank purchased a new position in shares of Americold Realty Trust during the 4th quarter valued at approximately $478,674,000. Principal Financial Group Inc. boosted its stake in shares of Americold Realty Trust by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock valued at $347,167,000 after buying an additional 1,169,063 shares during the last quarter. FMR LLC boosted its stake in shares of Americold Realty Trust by 0.9% during the 4th quarter. FMR LLC now owns 13,382,883 shares of the company’s stock valued at $286,394,000 after buying an additional 121,452 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank restated a “sector perform” rating and set a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. Robert W. Baird reduced their price objective on 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. KeyCorp reduced their price objective 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. Finally, Citigroup reduced their price objective 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Transactions at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle acquired 110,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the purchase, the chief executive officer directly owned 110,000 shares in the company, valued at $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jay Wells acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were bought 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 owned 10,000 shares of the company’s stock, valued at approximately $179,100. This represents 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 insiders.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $16.25 on Thursday. The firm has a market capitalization of $4.63 billion, a P/E ratio of -37.78, a PEG ratio of 2.46 and a beta of 0.84. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. Americold Realty Trust Inc. has a 52 week low of $16.06 and a 52 week high of $30.45. The firm’s 50 day moving average is $16.97 and its two-hundred day moving average is $19.63.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data 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 company had revenue of $628.98 million for the quarter, compared to the consensus estimate of $667.18 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Americold Realty Trust’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust’s dividend payout ratio is currently -213.95%.

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.