Sumitomo Mitsui Trust Group Inc. Purchases 51,548 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,573,754 shares of the company's stock after purchasing an additional 51,548 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.90% of Americold Realty Trust worth $55,233,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of COLD. Mendel Capital Management LLC bought a new stake in shares of Americold Realty Trust during the 1st quarter worth about $208,000. Illinois Municipal Retirement Fund boosted its position in Americold Realty Trust by 22.2% during the first quarter. Illinois Municipal Retirement Fund now owns 126,667 shares of the company's stock worth $2,718,000 after purchasing an additional 23,039 shares during the period. Spire Wealth Management bought a new stake in Americold Realty Trust during the first quarter worth approximately $52,000. Oppenheimer Asset Management Inc. grew its holdings in Americold Realty Trust by 39.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 87,706 shares of the company's stock valued at $1,882,000 after purchasing an additional 24,946 shares during the last quarter. Finally, Vanderbilt University raised its position in shares of Americold Realty Trust by 18.8% in the first quarter. Vanderbilt University now owns 47,415 shares of the company's stock valued at $1,018,000 after purchasing an additional 7,489 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Insider Activity

In related news, CEO George F. Jr. Chappelle acquired 110,000 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jay Wells bought 10,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $17.91 per share, with a total value of $179,100.00. Following the completion of the acquisition, the chief financial officer owned 10,000 shares in the company, valued at $179,100. 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 insiders.

Analyst Upgrades and Downgrades

COLD has been the subject of several recent analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. BNP Paribas Exane cut shares of 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. Wells Fargo & Company lowered their price target on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, KeyCorp lowered their target price on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded up $0.35 during trading hours on Wednesday, hitting $17.00. The stock had a trading volume of 7,240,799 shares, compared to its average volume of 2,358,092. The company has a 50-day moving average of $17.61 and a two-hundred day moving average of $20.00. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. Americold Realty Trust Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $30.45. The company has a market cap of $4.84 billion, a PE ratio of -39.53, a price-to-earnings-growth ratio of 1.96 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 analysts' consensus estimates of $0.35 by ($0.01). The firm had revenue of $628.98 million for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, equities research analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Monday, June 30th. 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.