Americold Realty Trust, Inc. (NYSE:COLD) Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,490,260 shares of the company's stock after buying an additional 228,662 shares during the quarter. Bank of America Corp DE owned approximately 0.52% of Americold Realty Trust worth $31,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in Americold Realty Trust by 22.3% in the third quarter. Barclays PLC now owns 98,739 shares of the company's stock valued at $2,791,000 after buying an additional 18,015 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Americold Realty Trust by 55.4% in the 4th quarter. Wedmont Private Capital now owns 13,667 shares of the company's stock valued at $286,000 after acquiring an additional 4,870 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Americold Realty Trust by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 21,156 shares of the company's stock valued at $453,000 after acquiring an additional 3,464 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Americold Realty Trust by 34.5% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,310 shares of the company's stock valued at $520,000 after acquiring an additional 6,236 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership lifted its stake in Americold Realty Trust by 19.5% during the fourth quarter. Foresight Group Ltd Liability Partnership now owns 87,860 shares of the company's stock worth $1,864,000 after purchasing an additional 14,320 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Insider Activity at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle bought 110,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at approximately $1,978,900. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, with a total value of $179,100.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

COLD has been the subject of several recent research reports. Scotiabank reiterated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday, May 15th. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Wells Fargo & Company cut their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday. Robert W. Baird lowered their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Citigroup dropped their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $26.09.

Americold Realty Trust Stock Performance

Shares of COLD traded down $0.01 during mid-day trading on Thursday, reaching $17.11. 498,879 shares of the company's stock traded hands, compared to its average volume of 2,254,549. The business's 50-day moving average price is $19.62 and its 200-day moving average price is $21.29. The stock has a market capitalization of $4.87 billion, a P/E ratio of -50.27, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. 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 12 month low of $16.56 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm's revenue was down 5.4% compared to the same quarter last year. Equities analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's dividend payout ratio is currently -213.95%.

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.