Westwood Holdings Group Inc. Cuts Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Westwood Holdings Group Inc. trimmed its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,236 shares of the company's stock after selling 53,318 shares during the period. Westwood Holdings Group Inc. owned about 0.20% of Americold Realty Trust worth $12,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in COLD. Brown Brothers Harriman & Co. purchased a new position in shares of Americold Realty Trust in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC boosted its holdings in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock valued at $48,000 after purchasing an additional 2,033 shares during the last quarter. Vestcor Inc bought a new position in shares of Americold Realty Trust during the 4th quarter valued at about $86,000. Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust during the 4th quarter valued at about $86,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Americold Realty Trust by 2,681.3% during the 4th quarter. Headlands Technologies LLC now owns 4,311 shares of the company's stock valued at $92,000 after purchasing an additional 4,156 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a 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. Citigroup lowered their price target on shares of 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, Wells Fargo & Company lowered their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.09.

Americold Realty Trust Trading Down 1.8%

Americold Realty Trust stock traded down $0.30 during midday trading on Friday, reaching $16.82. The stock had a trading volume of 3,142,382 shares, compared to its average volume of 2,265,769. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 52-week low of $16.56 and a 52-week high of $30.45. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of -49.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company has a fifty day moving average of $19.42 and a 200 day moving average of $21.14.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $628.98 million during the quarter, compared to analysts' expectations of $667.18 million. During the same period last year, the company earned $0.37 earnings per share. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is currently -213.95%.

Insider Transactions at Americold Realty Trust

In related news, CFO Jay Wells bought 10,000 shares of Americold Realty Trust 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 transaction, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the acquisition, the chief executive officer now owns 110,000 shares of the company's stock, valued at $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.