Illinois Municipal Retirement Fund Increases Stock Position in Americold Realty Trust Inc. (NYSE:COLD)

Illinois Municipal Retirement Fund grew its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,667 shares of the company's stock after acquiring an additional 23,039 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Americold Realty Trust were worth $2,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust in the 4th quarter valued at $25,000. Parallel Advisors LLC raised its stake in Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after acquiring an additional 847 shares in the last quarter. Spire Wealth Management bought a new position in shares of Americold Realty Trust in the first quarter worth about $52,000. Blue Trust Inc. boosted its stake in shares of Americold Realty Trust by 3,390.0% in the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock valued at $60,000 after purchasing an additional 2,712 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Americold Realty Trust in the 4th quarter valued at approximately $86,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COLD has been the subject of a number of research analyst reports. Scotiabank reiterated a "sector perform" rating and set 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 target on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Wells Fargo & Company cut their price objective 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. Citigroup lowered their target price on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.00.

Americold Realty Trust Trading Down 0.6%

Shares of Americold Realty Trust stock traded down $0.10 on Thursday, hitting $16.88. 1,067,060 shares of the company's stock traded hands, compared to its average volume of 2,759,341. The company has a fifty day moving average of $17.54 and a two-hundred day moving average of $19.98. Americold Realty Trust Inc. has a one year low of $16.11 and a one year high of $30.45. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of -39.25, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13.

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). Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The company had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. During the same period last year, the business earned $0.37 EPS. The business's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.45%. Americold Realty Trust's dividend payout ratio is currently -213.95%.

Insider Transactions at Americold Realty Trust

In other news, 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 acquisition, the chief executive officer owned 110,000 shares in the company, valued at approximately $1,978,900. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jay Wells acquired 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer owned 10,000 shares of the company's stock, valued at approximately $179,100. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.