Sumitomo Mitsui Trust Group Inc. Increases Position in Americold Realty Trust Inc. (NYSE:COLD)

Sumitomo Mitsui Trust Group Inc. lifted its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its stake in shares of Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after buying an additional 4,049,374 shares during the period. Norges Bank purchased a new stake in Americold Realty Trust during the 4th quarter valued at approximately $478,674,000. FMR LLC lifted its position in Americold Realty Trust by 0.9% during the 4th quarter. FMR LLC now owns 13,382,883 shares of the company's stock worth $286,394,000 after acquiring an additional 121,452 shares during the period. Alyeska Investment Group L.P. lifted its position in Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after acquiring an additional 3,427,083 shares during the period. Finally, PGGM Investments grew its stake in shares of Americold Realty Trust by 13.4% in the 4th quarter. PGGM Investments now owns 5,558,936 shares of the company's stock valued at $118,961,000 after purchasing an additional 655,782 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Insider Activity at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle bought 110,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the purchase, the chief executive officer owned 110,000 shares in the company, valued at $1,978,900. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jay Wells purchased 10,000 shares of the business'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 of the company's stock, valued at approximately $179,100. The trade was 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 corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COLD shares. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their price target 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 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Robert W. Baird lowered their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company dropped their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Finally, Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.00.

Americold Realty Trust Price Performance

Shares of COLD traded down $0.10 on Friday, reaching $16.88. The stock had a trading volume of 1,067,060 shares, compared to its average volume of 2,366,044. Americold Realty Trust Inc. has a twelve month low of $16.11 and a twelve month high of $30.45. The firm has a market capitalization of $4.81 billion, a PE ratio of -39.25, a PEG ratio of 1.99 and a beta of 0.84. The firm has a 50-day moving average of $17.42 and a 200 day moving average of $19.89. 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 (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm 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 for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. Sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.23 dividend. 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 presently -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.