Bank of New York Mellon Corp Boosts Stock Position in Americold Realty Trust Inc. (NYSE:COLD)

Bank of New York Mellon Corp raised its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,250,726 shares of the company's stock after acquiring an additional 24,700 shares during the period. Bank of New York Mellon Corp owned about 0.44% of Americold Realty Trust worth $26,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLD. Brown Brothers Harriman & Co. bought a new stake in Americold Realty Trust in the fourth quarter valued at approximately $25,000. Parallel Advisors LLC boosted its holdings in shares of Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after purchasing an additional 847 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Americold Realty Trust in the 1st quarter valued at $52,000. Blue Trust Inc. boosted its holdings in shares of Americold Realty Trust by 3,390.0% during the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock valued at $60,000 after acquiring an additional 2,712 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Americold Realty Trust during the 4th quarter valued at $86,000. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Stock Performance

COLD stock traded down $0.19 during midday trading on Friday, reaching $16.15. 1,510,494 shares of the company's stock traded hands, compared to its average volume of 2,403,868. The company has a 50-day moving average price of $16.95 and a two-hundred day moving average price of $19.59. 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 Inc. has a 52 week low of $16.06 and a 52 week high of $30.45. The firm has a market capitalization of $4.60 billion, a PE ratio of -37.56, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84.

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 the consensus estimate of $0.35 by ($0.01). The firm had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. As a group, equities analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm 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. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.70%. Americold Realty Trust's payout ratio is -213.95%.

Analyst Ratings Changes

COLD has been the subject of several analyst reports. Robert W. Baird lowered their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Citigroup decreased their target price on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lowered Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Activity

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the transaction, the chief financial officer directly owned 10,000 shares in the company, valued at approximately $179,100. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO George F. Jr. Chappelle purchased 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, with a total value of $1,978,900.00. Following the completion of the transaction, the chief executive officer owned 110,000 shares of the company's stock, valued at approximately $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.