Americold Realty Trust, Inc. (NYSE:COLD) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,624,672 shares of the company's stock after purchasing an additional 577,772 shares during the quarter. Northern Trust Corp owned 0.92% of Americold Realty Trust worth $56,168,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth approximately $478,674,000. Cohen & Steers Inc. grew its position in shares of Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after buying an additional 4,049,374 shares in the last quarter. Invesco Ltd. grew its position in shares of Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after buying an additional 2,304,867 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after buying an additional 1,678,949 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in shares of Americold Realty Trust by 85.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company's stock worth $76,752,000 after buying an additional 1,654,650 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Analyst Ratings Changes

COLD has been the subject of a number of recent analyst reports. Barclays raised shares of 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 research report on Wednesday, April 9th. Scotiabank decreased their price target on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup decreased their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Insider Buying and Selling at Americold Realty Trust

In related news, CFO Jay Wells acquired 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

Americold Realty Trust Stock Performance

COLD traded down $0.02 on Tuesday, hitting $17.81. 1,280,654 shares of the company's stock were exchanged, compared to its average volume of 2,232,500. The firm has a market cap of $5.07 billion, a PE ratio of -52.38, a P/E/G ratio of 1.66 and a beta of 0.95. Americold Realty Trust, Inc. has a twelve month low of $16.56 and a twelve month high of $30.45. The stock has a fifty day moving average of $20.16 and a two-hundred day moving average of $21.62. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

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

Americold Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.17%. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 28th. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

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.