State of Alaska Department of Revenue Has $2.93 Million Position in Americold Realty Trust, Inc. (NYSE:COLD)

State of Alaska Department of Revenue lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 137,072 shares of the company’s stock after acquiring an additional 1,339 shares during the quarter. State of Alaska Department of Revenue’s holdings in Americold Realty Trust were worth $2,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. Creative Planning acquired a new position in Americold Realty Trust in the 2nd quarter valued at about $462,000. Sanctuary Advisors LLC bought a new stake in shares of Americold Realty Trust during the second quarter worth approximately $720,000. GAMMA Investing LLC grew its position in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the last quarter. CWM LLC increased its stake in shares of Americold Realty Trust by 105.2% during the third quarter. CWM LLC now owns 41,859 shares of the company’s stock worth $1,183,000 after purchasing an additional 21,457 shares during the period. Finally, Presima Securities ULC bought a new stake in Americold Realty Trust in the 3rd quarter valued at $3,589,000. 98.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $21.72 on Monday. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a fifty day moving average of $21.84 and a 200-day moving average of $25.28. The stock has a market capitalization of $6.17 billion, a P/E ratio of -21.50, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.37 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.05%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Wall Street Analyst Weigh In

COLD has been the topic of several recent research reports. Robert W. Baird lowered their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Raymond James lowered their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada cut their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Barclays lowered 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 report on Monday, November 18th. Finally, Scotiabank reduced their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.17.

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.