Americold Realty Trust (NYSE:COLD) Sees Strong Trading Volume - Here's What Happened

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) saw an uptick in trading volume on Tuesday . 4,220,530 shares were traded during mid-day trading, an increase of 86% from the previous session's volume of 2,273,887 shares.The stock last traded at $16.72 and had previously closed at $16.82.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on COLD shares. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Scotiabank reissued a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. Wells Fargo & Company dropped their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Citigroup lowered their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.09.

Americold Realty Trust Stock Down 0.9%

The company has a 50-day moving average of $19.32 and a two-hundred day moving average of $21.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market capitalization of $4.74 billion, a PE ratio of -49.04, a P/E/G ratio of 1.66 and a beta of 0.95.

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

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.52%. Americold Realty Trust's dividend payout ratio is currently -213.95%.

Insiders Place Their Bets

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

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Americold Realty Trust by 22.3% during 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. SG Americas Securities LLC grew its position in Americold Realty Trust by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 53,236 shares of the company's stock valued at $1,139,000 after acquiring an additional 17,295 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Americold Realty Trust in the fourth quarter worth $702,000. Fifth Third Bancorp lifted its position in shares of Americold Realty Trust by 33.4% during the fourth quarter. Fifth Third Bancorp now owns 65,917 shares of the company's stock worth $1,411,000 after purchasing an additional 16,511 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Americold Realty Trust by 100.6% during the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company's stock worth $167,000 after purchasing an additional 3,903 shares during 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.

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