Americold Realty Trust, Inc. (NYSE:COLD) SVP Sells $24,902.64 in Stock

Americold Realty Trust, Inc. (NYSE:COLD) SVP Robert E. Harris sold 1,098 shares of the firm’s stock in a transaction dated Saturday, March 8th. The stock was sold at an average price of $22.68, for a total transaction of $24,902.64. Following the completion of the transaction, the senior vice president now directly owns 4,446 shares in the company, valued at approximately $100,835.28. This represents a 19.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Americold Realty Trust Price Performance

Shares of COLD opened at $20.75 on Friday. Americold Realty Trust, Inc. has a 1-year low of $20.41 and a 1-year high of $30.45. The stock has a market cap of $5.90 billion, a PE ratio of -61.02, a P/E/G ratio of 1.66 and a beta of 0.57. The firm has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $24.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, analysts forecast 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 was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -258.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Employees Retirement System of Texas grew its holdings in shares of Americold Realty Trust by 6.7% in the fourth quarter. Employees Retirement System of Texas now owns 237,868 shares of the company’s stock valued at $5,090,000 after purchasing an additional 15,000 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $354,000. GF Fund Management CO. LTD. acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $105,000. Woodline Partners LP grew its holdings in Americold Realty Trust by 239.5% during the 4th quarter. Woodline Partners LP now owns 1,255,078 shares of the company’s stock worth $26,859,000 after acquiring an additional 885,436 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Americold Realty Trust by 21.2% during the 4th quarter. Squarepoint Ops LLC now owns 85,080 shares of the company’s stock worth $1,821,000 after acquiring an additional 14,897 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of analyst reports. Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Raymond James reduced their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Scotiabank lifted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday. Truist Financial reduced their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Barclays reduced their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

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.