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 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 transaction of $24,902.64. Following the completion of the transaction, the senior vice president now directly owns 4,446 shares in the company, valued at $100,835.28. This trade represents a 19.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Americold Realty Trust Trading Down 2.4 %

Shares of COLD stock traded down $0.53 during trading hours on Tuesday, hitting $21.29. 3,180,967 shares of the company’s stock traded hands, compared to its average volume of 2,094,596. The stock has a market cap of $6.05 billion, a PE ratio of -62.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The stock’s 50 day simple moving average is $21.75 and its 200 day simple moving average is $24.23. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45.

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

Americold Realty Trust Dividend Announcement

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

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently modified their holdings of the company. Assetmark Inc. lifted its holdings in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Americold Realty Trust by 139.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 126,630 shares of the company’s stock valued at $3,580,000 after purchasing an additional 73,792 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Americold Realty Trust by 9.6% during 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 in the last quarter. KBC Group NV grew its stake in Americold Realty Trust by 12.8% during the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after purchasing an additional 845 shares during the period. Finally, Metis Global Partners LLC increased its holdings in Americold Realty Trust by 27.0% in the third quarter. Metis Global Partners LLC now owns 26,913 shares of the company’s stock worth $761,000 after purchasing an additional 5,718 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reduced their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Raymond James lowered 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. Scotiabank raised their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, Barclays lowered their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.