Easterly Investment Partners LLC Cuts Holdings in Americold Realty Trust Inc. (NYSE:COLD)

Easterly Investment Partners LLC trimmed its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 37.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 633,812 shares of the company's stock after selling 384,995 shares during the quarter. Americold Realty Trust accounts for about 1.1% of Easterly Investment Partners LLC's holdings, making the stock its 21st largest position. Easterly Investment Partners LLC owned about 0.22% of Americold Realty Trust worth $13,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Americold Realty Trust in the fourth quarter worth $980,000. Swiss National Bank increased its position in Americold Realty Trust by 0.8% in the fourth quarter. Swiss National Bank now owns 531,000 shares of the company's stock worth $11,363,000 after buying an additional 4,300 shares during the last quarter. Vestcor Inc purchased a new stake in Americold Realty Trust in the fourth quarter worth $86,000. Cibc World Markets Corp increased its position in Americold Realty Trust by 10.1% in the fourth quarter. Cibc World Markets Corp now owns 76,080 shares of the company's stock worth $1,628,000 after buying an additional 6,992 shares during the last quarter. Finally, Boston Partners increased its position in Americold Realty Trust by 510.1% in the fourth quarter. Boston Partners now owns 399,164 shares of the company's stock worth $8,542,000 after buying an additional 333,742 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Americold Realty Trust

In other news, CFO Jay Wells purchased 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer directly owned 10,000 shares of the company's stock, valued at $179,100. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought 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 owned 110,000 shares in the company, valued at $1,978,900. This trade represents 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 Stock Down 1.2%

Americold Realty Trust stock traded down $0.19 during trading hours on Friday, hitting $16.15. 1,516,356 shares of the stock traded hands, compared to its average volume of 2,403,890. The firm's 50-day moving average price is $16.95 and its two-hundred day moving average price is $19.59. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.60 billion, a PE ratio of -37.56, a PEG ratio of 2.46 and a beta of 0.84. Americold Realty Trust Inc. has a one year low of $16.06 and a one year high of $30.45.

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 the consensus estimate of $0.35 by ($0.01). The firm had revenue of $628.98 million for the quarter, compared to the consensus estimate 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 business's revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, research analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.23 dividend. 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 dividend payout ratio (DPR) is presently -213.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on COLD shares. Robert W. Baird cut 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. KeyCorp dropped their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Wells Fargo & Company dropped their price objective on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Barclays upgraded 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 research report on Wednesday, April 9th. Finally, Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.