American Assets Investment Management LLC Invests $2.23 Million in Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• American Assets Investment Management LLC has acquired a new stake in Americold Realty Trust Inc., purchasing 103,820 shares valued at approximately $2.2 million during the 1st quarter.
• CEO George F. Jr. Chappelle and CFO Jay Wells both increased their ownership by purchasing significant shares, reflecting confidence in the company's future.
• Wall Street analysts have revised their price targets for Americold Realty Trust downwards, with an average target price now at $23.92 while maintaining a "Moderate Buy" consensus rating.

American Assets Investment Management LLC acquired a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 103,820 shares of the company's stock, valued at approximately $2,228,000.

A number of other institutional investors and hedge funds have also bought and sold shares of COLD. Parallel Advisors LLC raised its position in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the last quarter. Assetmark Inc. raised its holdings in Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Americold Realty Trust during the first quarter valued at about $49,000. Spire Wealth Management acquired a new position in shares of Americold Realty Trust during the first quarter valued at about $52,000. Finally, Blue Trust Inc. boosted its position in Americold Realty Trust by 3,390.0% in the first quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock valued at $60,000 after buying an additional 2,712 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded down $0.26 during midday trading on Wednesday, hitting $16.19. 4,427,903 shares of the company were exchanged, compared to its average volume of 3,297,074. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $4.61 billion, a P/E ratio of -37.64, a PEG ratio of 2.49 and a beta of 0.81. Americold Realty Trust Inc. has a 52 week low of $15.45 and a 52 week high of $29.81. The firm has a 50 day simple moving average of $16.66 and a 200-day simple moving average of $19.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The firm's revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. Research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.7%. Americold Realty Trust's dividend payout ratio (DPR) is -213.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank restated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday, May 15th. Barclays decreased their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Finally, Wells Fargo & Company reduced their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $23.92.

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.