Americold Realty Trust, Inc. (NYSE:COLD) SVP Robert E. Harris Sells 1,836 Shares

Americold Realty Trust, Inc. (NYSE:COLD) SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Americold Realty Trust Stock Up 0.4 %

NYSE:COLD opened at $23.13 on Monday. The company’s 50-day simple moving average is $24.99 and its 200-day simple moving average is $26.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a fifty-two week low of $21.53 and a fifty-two week high of $30.92. The stock has a market capitalization of $6.57 billion, a P/E ratio of -22.90, a P/E/G ratio of 1.81 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last released 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 firm had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. Americold Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial dropped their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Evercore ISI boosted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Citigroup decreased their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.83.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Americold Realty Trust by 9.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock valued at $39,936,000 after purchasing an additional 123,776 shares during the last quarter. PGGM Investments purchased a new position in shares of Americold Realty Trust in the second quarter worth $114,436,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 during the period. Manning & Napier Advisors LLC purchased a new stake in shares of Americold Realty Trust during the second quarter valued at $4,460,000. Finally, SG Americas Securities LLC acquired a new position in shares of Americold Realty Trust in the 2nd quarter valued at $226,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.