Americold Realty Trust Inc. (NYSE:COLD) Stake Increased by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. increased its holdings in Americold Realty Trust by 95.4%, acquiring an additional 29,631 shares, bringing its total ownership to 60,679 shares valued at approximately $1.3 million.
• Americold Realty Trust's stock price has been volatile, currently trading at $15.73, which is close to its 1-year low of $15.45.
• The company recently declared a quarterly dividend of $0.23 per share, representing an annualized yield of 5.8%, despite a payout ratio of -213.95%.

Avantax Advisory Services Inc. lifted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 95.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 60,679 shares of the company's stock after acquiring an additional 29,631 shares during the period. Avantax Advisory Services Inc.'s holdings in Americold Realty Trust were worth $1,302,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Americold Realty Trust in the fourth quarter valued at approximately $980,000. Teacher Retirement System of Texas raised its stake in shares of Americold Realty Trust by 270.7% during the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company's stock worth $2,239,000 after buying an additional 76,183 shares during the period. Chilton Capital Management LLC raised its stake in shares of Americold Realty Trust by 12.1% during the 1st quarter. Chilton Capital Management LLC now owns 553,751 shares of the company's stock worth $11,997,000 after buying an additional 59,720 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after buying an additional 57,248 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after buying an additional 1,678,949 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on COLD. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $24.00 to $21.00 in a research report on Monday, June 23rd. KeyCorp dropped their target price on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Robert W. Baird lowered their price target on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Barclays lowered their price target on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Finally, Wells Fargo & Company reduced 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Americold Realty Trust has an average rating of "Moderate Buy" and an average target price of $23.92.

Insider Transactions at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the transaction, the chief executive officer directly owned 110,000 shares of the company's stock, valued at approximately $1,978,900. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jay Wells bought 10,000 shares of the firm'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 transaction, the chief financial officer directly owned 10,000 shares of the company's stock, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by insiders.

Americold Realty Trust Price Performance

COLD stock traded down $0.31 during midday trading on Wednesday, hitting $16.14. 2,562,598 shares of the stock were exchanged, compared to its average volume of 2,831,847. The stock's 50-day moving average price is $16.66 and its 200-day moving average price is $19.14. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of -37.52, a PEG ratio of 2.39 and a beta of 0.81. Americold Realty Trust Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $29.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly 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 return on equity of 3.60% and a negative net margin of 4.58%. The company had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same period last year, the firm earned $0.37 earnings per share. The business's revenue was down 5.4% compared to the same quarter last year. Research analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's payout ratio is -213.95%.

Americold Realty Trust 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.