Illinois Municipal Retirement Fund Buys 23,039 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Illinois Municipal Retirement Fund increased its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 have also made changes to their positions in the company. Cohen & Steers Inc. raised its position in shares of Americold Realty Trust by 16.3% in the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the period. Norges Bank acquired a new position in Americold Realty Trust in the 4th quarter valued at about $478,674,000. FMR LLC raised its holdings in Americold Realty Trust by 0.9% in the 4th quarter. FMR LLC now owns 13,382,883 shares of the company's stock valued at $286,394,000 after acquiring an additional 121,452 shares during the period. Alyeska Investment Group L.P. raised its holdings in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after acquiring an additional 3,427,083 shares during the period. Finally, PGGM Investments lifted its position in Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company's stock worth $118,961,000 after acquiring an additional 655,782 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded up $0.10 during midday trading on Wednesday, hitting $16.75. 1,370,144 shares of the company traded hands, compared to its average volume of 2,725,445. The firm's fifty day moving average price is $17.61 and its 200-day moving average price is $20.00. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of -38.94, a PEG ratio of 1.96 and a beta of 0.84. Americold Realty Trust Inc. has a 12 month low of $16.11 and a 12 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.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results 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 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 quarter last year, the company posted $0.37 earnings per share. The firm's quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust's payout ratio is -213.95%.

Insider Transactions at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells bought 10,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, with a total value of $179,100.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the transaction, the chief executive officer owned 110,000 shares in the company, valued at approximately $1,978,900. This trade 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.

Analyst Ratings Changes

Several research firms have recently commented on COLD. Robert W. Baird decreased their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Wells Fargo & Company reduced their price target on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Thursday, June 12th. Finally, Scotiabank reissued a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.