OVERSEA CHINESE BANKING Corp Ltd Acquires 67,734 Shares of Americold Realty Trust Inc. (NYSE:COLD)

OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 57.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,307 shares of the company's stock after buying an additional 67,734 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.07% of Americold Realty Trust worth $3,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COLD. Raymond James Financial Inc. acquired a new position in Americold Realty Trust during the 4th quarter worth about $980,000. EverSource Wealth Advisors LLC lifted its position in Americold Realty Trust by 3,946.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company's stock valued at $126,000 after purchasing an additional 5,723 shares during the period. Swiss National Bank lifted its position in Americold Realty Trust by 0.8% during the 4th quarter. Swiss National Bank now owns 531,000 shares of the company's stock valued at $11,363,000 after purchasing an additional 4,300 shares during the period. Vestcor Inc acquired a new position in Americold Realty Trust during the 4th quarter valued at about $86,000. Finally, Cibc World Markets Corp lifted its position in Americold Realty Trust by 10.1% during the 4th quarter. Cibc World Markets Corp now owns 76,080 shares of the company's stock valued at $1,628,000 after purchasing an additional 6,992 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Analyst Ratings Changes

COLD has been the topic of a number of research reports. Citigroup cut their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Scotiabank restated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. 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 research report on Thursday, June 12th. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their target price for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Finally, Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Activity at Americold Realty Trust

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

Americold Realty Trust Stock Up 0.7%

NYSE COLD traded up $0.11 during trading hours on Thursday, reaching $16.34. 3,399,842 shares of the company's stock were exchanged, compared to its average volume of 2,408,778. The company's 50-day moving average is $16.97 and its two-hundred day moving average is $19.63. Americold Realty Trust Inc. has a one year low of $16.06 and a one year 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 company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -38.00, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84.

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). Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The business had revenue of $628.98 million for the quarter, compared to the consensus estimate of $667.18 million. During the same period in the previous year, the company posted $0.37 earnings per share. Americold Realty Trust's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 yield of 5.63%. Americold Realty Trust's payout ratio is -213.95%.

Americold Realty Trust Company 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.