BNP Paribas Financial Markets Decreases Position in Americold Realty Trust, Inc. (NYSE:COLD)

BNP Paribas Financial Markets reduced its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,234 shares of the company's stock after selling 108,779 shares during the quarter. BNP Paribas Financial Markets' holdings in Americold Realty Trust were worth $2,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd grew its holdings in shares of Americold Realty Trust by 139.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock worth $1,322,000 after buying an additional 35,973 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Americold Realty Trust during the fourth quarter worth about $980,000. Envestnet Asset Management Inc. grew its stake in Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock valued at $18,352,000 after acquiring an additional 57,248 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after acquiring an additional 1,678,949 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after acquiring an additional 29,580 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Down 0.1%

Shares of Americold Realty Trust stock traded down $0.01 during trading hours on Thursday, hitting $17.11. The company's stock had a trading volume of 498,879 shares, compared to its average volume of 2,254,549. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -50.27, a P/E/G 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 twelve month low of $16.56 and a twelve month high of $30.45. The firm has a fifty day moving average of $19.62 and a 200-day moving average of $21.29.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. Research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.23 dividend. 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 (DPR) is -213.95%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday. Robert W. Baird cut their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Citigroup lowered their price target on shares of 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. Finally, Scotiabank reissued a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.09.

Insider Transactions at Americold Realty Trust

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

Americold Realty Trust 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.