Gotham Asset Management LLC Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

Gotham Asset Management LLC lessened its position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,561 shares of the company's stock after selling 94,285 shares during the period. Gotham Asset Management LLC's holdings in Americold Realty Trust were worth $1,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd increased its stake in shares of Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after buying an additional 35,973 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at about $980,000. Envestnet Asset Management Inc. increased its stake in shares of Americold Realty Trust by 7.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock valued at $18,352,000 after buying an additional 57,248 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Americold Realty Trust by 132.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after buying an additional 1,678,949 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock valued at $26,237,000 after buying an additional 29,580 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

COLD has been the topic of several research analyst reports. Robert W. Baird cut 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. Barclays upgraded Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Citigroup cut their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a report on Thursday, May 15th. Finally, Wells Fargo & Company dropped their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.09.

Insider Transactions at Americold Realty Trust

In related news, CFO Jay Wells purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at approximately $179,100. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the purchase, the chief executive officer now owns 110,000 shares in the company, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company's stock.

Americold Realty Trust Price Performance

Shares of COLD 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 2,263,759. The company's 50-day moving average is $19.42 and its 200 day moving average is $21.16. Americold Realty Trust, Inc. has a 12-month low of $16.56 and a 12-month high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market capitalization 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.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results 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 net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same period last year, the firm posted $0.37 EPS. The company's revenue was down 5.4% on a year-over-year basis. On average, equities analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.23 per share. 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 payout ratio is -213.95%.

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.