Insider Buying: Americold Realty Trust, Inc. (NYSE:COLD) CFO Purchases $179,100.00 in Stock

Americold Realty Trust, Inc. (NYSE:COLD) CFO Jay Wells purchased 10,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $179,100. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Americold Realty Trust Stock Up 0.1%

COLD opened at $17.96 on Friday. Americold Realty Trust, Inc. has a 12 month low of $16.56 and a 12 month high of $30.45. The company has a market cap of $5.11 billion, a PE ratio of -52.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. 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 company has a 50 day moving average of $19.88 and a 200 day moving average of $21.51.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $628.98 million for the quarter, compared to analysts’ expectations of $667.18 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. On average, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 5.12%. Americold Realty Trust’s dividend payout ratio is currently -213.95%.

Analysts Set New Price Targets

Several brokerages recently issued reports on COLD. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Scotiabank reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday. Finally, Citigroup reduced their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.64.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of COLD. Brown Brothers Harriman & Co. bought a new stake in Americold Realty Trust during the 4th quarter worth approximately $25,000. GKV Capital Management Co. Inc. purchased a new position in shares of Americold Realty Trust during the 1st quarter valued at $36,000. Parallel Advisors LLC increased its holdings in shares of Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. raised its position in shares of Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after buying an additional 826 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position 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 worth $48,000 after buying an additional 2,033 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.