Americold Realty Trust, Inc. (NYSE:COLD) SVP Robert E. Harris Sells 1,098 Shares

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

Americold Realty Trust Stock Down 2.4 %

Americold Realty Trust stock opened at $21.29 on Wednesday. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45. The stock has a 50 day moving average of $21.75 and a two-hundred day moving average of $24.23. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of -62.61, a PEG ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. As a group, research analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s payout ratio is currently -258.82%.

Analyst Ratings Changes

COLD has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Scotiabank boosted their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday. Citigroup cut their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Truist Financial cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Raymond James cut their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in Americold Realty Trust by 9.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after buying an additional 123,776 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in Americold Realty Trust by 139.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock worth $1,322,000 after buying an additional 35,973 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Americold Realty Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after buying an additional 165,667 shares in the last quarter. TCW Group Inc. increased its position in Americold Realty Trust by 21.6% during the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock worth $1,731,000 after buying an additional 14,386 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Americold Realty Trust by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock worth $1,139,000 after buying an additional 17,295 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

About Americold Realty Trust

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.