Allianz Asset Management GmbH Sells 224,807 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• Allianz Asset Management GmbH has reduced its stake in Americold Realty Trust by 28%, selling 224,807 shares, and now holds approximately 0.20% of the company, valued at $12.4 million.
• CEO George F. Jr. Chappelle and CFO Jay Wells recently increased their positions in the company by purchasing 110,000 and 10,000 shares, respectively.
• Americold Realty Trust announced a quarterly dividend of $0.23 per share, representing a 5.54% dividend yield, despite a payout ratio of -213.95%.

Allianz Asset Management GmbH lessened its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 28.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 578,024 shares of the company's stock after selling 224,807 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Americold Realty Trust worth $12,404,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of COLD. Raymond James Financial Inc. bought a new position in Americold Realty Trust during the 4th quarter worth approximately $980,000. Teacher Retirement System of Texas boosted its stake in Americold Realty Trust by 270.7% during the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company's stock worth $2,239,000 after acquiring an additional 76,183 shares during the last quarter. Chilton Capital Management LLC boosted its stake in Americold Realty Trust by 12.1% during the 1st quarter. Chilton Capital Management LLC now owns 553,751 shares of the company's stock worth $11,997,000 after acquiring an additional 59,720 shares during the last quarter. Envestnet Asset Management Inc. boosted 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 worth $18,352,000 after acquiring an additional 57,248 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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 worth $63,151,000 after acquiring an additional 1,678,949 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Insider Activity at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle bought 110,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the acquisition, the chief executive officer directly owned 110,000 shares of the company's stock, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jay Wells bought 10,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the acquisition, the chief financial officer directly owned 10,000 shares of the company's stock, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on COLD. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Thursday, June 12th. Wells Fargo & Company dropped 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, May 19th. Barclays dropped their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, KeyCorp dropped their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.92.

Americold Realty Trust Trading Up 0.4%

Shares of Americold Realty Trust stock traded up $0.06 on Tuesday, hitting $16.29. The stock had a trading volume of 424,294 shares, compared to its average volume of 2,759,787. The stock has a 50 day moving average of $16.77 and a 200 day moving average of $19.34. Americold Realty Trust Inc. has a twelve month low of $16.06 and a twelve month high of $30.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $4.64 billion, a P/E ratio of -37.89, a PEG ratio of 2.52 and a beta of 0.84.

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 (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The firm had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same period in the prior year, the company earned $0.37 EPS. The business's quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.65%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's payout ratio is presently -213.95%.

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.