Pacer Advisors Inc. raised its position in shares of Americold Realty Trust (NYSE:COLD) by 17.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 538,184 shares of the company’s stock after buying an additional 81,570 shares during the period. Pacer Advisors Inc.’s holdings in Americold Realty Trust were worth $20,704,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Associated Banc Corp increased its holdings in shares of Americold Realty Trust by 971.4% in the fourth quarter. Associated Banc Corp now owns 750 shares of the company’s stock valued at $28,000 after purchasing an additional 680 shares in the last quarter. Huntington National Bank increased its holdings in shares of Americold Realty Trust by 62.8% in the fourth quarter. Huntington National Bank now owns 806 shares of the company’s stock valued at $30,000 after purchasing an additional 311 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $46,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $81,000.
COLD has been the subject of a number of research reports. Zacks Investment Research lowered shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 11th. TheStreet raised shares of Americold Realty Trust from a “c” rating to a “b-” rating in a report on Tuesday, January 19th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.25.
In other news, EVP James Andrew Harron sold 5,500 shares of Americold Realty Trust stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $36.90, for a total transaction of $202,950.00. Also, CEO Fred W. Boehler sold 191,097 shares of Americold Realty Trust stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $37.00, for a total transaction of $7,070,589.00. Following the transaction, the chief executive officer now directly owns 449,368 shares in the company, valued at $16,626,616. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,545 shares of company stock worth $8,347,220. Insiders own 0.42% of the company’s stock.
COLD stock traded down $0.10 during midday trading on Thursday, reaching $39.46. The company’s stock had a trading volume of 6,415 shares, compared to its average volume of 1,835,595. Americold Realty Trust has a 52 week low of $27.77 and a 52 week high of $41.29. The stock has a market cap of $9.96 billion, a PE ratio of 92.00, a price-to-earnings-growth ratio of 3.26 and a beta of 0.08. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $36.70 and its 200-day simple moving average is $36.02.
Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Wednesday, February 17th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.34). Americold Realty Trust had a net margin of 4.58% and a return on equity of 4.42%. As a group, equities analysts forecast that Americold Realty Trust will post 1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 30th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. Americold Realty Trust’s dividend payout ratio (DPR) is presently 75.21%.
About Americold Realty Trust
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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