Insider Selling: Americold Realty Trust, Inc. (NYSE:COLD) SVP Sells 1,098 Shares of Stock

Americold Realty Trust, Inc. (NYSE:COLD) SVP Robert E. Harris sold 1,098 shares of the business’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 transaction, the senior vice president now owns 4,446 shares in the company, valued at approximately $100,835.28. The trade was a 19.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Americold Realty Trust Stock Down 2.4 %

Shares of NYSE:COLD traded down $0.53 during midday trading on Tuesday, reaching $21.29. The company had a trading volume of 3,180,967 shares, compared to its average volume of 2,094,596. 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 $6.05 billion, a PE ratio of -62.61, a P/E/G ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $21.75 and its 200 day moving average price is $24.23.

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

Americold Realty Trust Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -258.82%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its stake in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $25,000. Loomis Sayles & Co. L P bought a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $55,000. Venturi Wealth Management LLC boosted its stake in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Americold Realty Trust during the fourth quarter worth approximately $86,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays cut their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Raymond James cut their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. 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 note on Wednesday, December 4th. Truist Financial dropped their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Scotiabank upped 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 report on Monday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.