Cresset Asset Management LLC Acquires Shares of 15,107 Americold Realty Trust, Inc. (NYSE:COLD)

Cresset Asset Management LLC bought a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,107 shares of the company's stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its stake 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 acquiring an additional 35,973 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Americold Realty Trust during the 4th quarter valued at $980,000. Envestnet Asset Management Inc. raised its position in Americold Realty Trust by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after purchasing an additional 57,248 shares during the period. JPMorgan Chase & Co. raised its position in Americold Realty Trust by 132.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after purchasing an additional 1,678,949 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Americold Realty Trust by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after buying an additional 29,580 shares during the period. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

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

Americold Realty Trust Trading Down 1.6%

NYSE COLD traded down $0.29 during trading on Tuesday, hitting $17.79. The company had a trading volume of 1,676,514 shares, compared to its average volume of 2,254,945. 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, Inc. has a one year low of $16.56 and a one year high of $30.45. The company has a market cap of $5.07 billion, a price-to-earnings ratio of -52.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company's fifty day moving average is $19.76 and its 200-day moving average is $21.34.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued 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). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

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

Insiders Place Their Bets

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the purchase, the chief executive officer now owns 110,000 shares in the company, valued at $1,978,900. 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.

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.