Easterly Investment Partners LLC Trims Stake in Americold Realty Trust Inc. (NYSE:COLD)

Easterly Investment Partners LLC lowered its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 37.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 633,812 shares of the company's stock after selling 384,995 shares during the period. Americold Realty Trust accounts for 1.1% of Easterly Investment Partners LLC's portfolio, making the stock its 21st largest holding. 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 also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $980,000. Swiss National Bank boosted its stake in Americold Realty Trust by 0.8% in the fourth quarter. Swiss National Bank now owns 531,000 shares of the company's stock valued at $11,363,000 after acquiring an additional 4,300 shares during the last quarter. Vestcor Inc bought a new position in Americold Realty Trust in the fourth quarter valued at approximately $86,000. Cibc World Markets Corp boosted its stake 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 valued at $1,628,000 after acquiring an additional 6,992 shares during the last quarter. Finally, Boston Partners boosted its stake in Americold Realty Trust by 510.1% in the fourth quarter. Boston Partners now owns 399,164 shares of the company's stock valued at $8,542,000 after acquiring an additional 333,742 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on COLD. Scotiabank restated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a report on Thursday, May 15th. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Finally, Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Americold Realty Trust Trading Down 1.2%

Shares of COLD traded down $0.19 during mid-day trading on Friday, reaching $16.15. 1,516,356 shares of the company were exchanged, compared to its average volume of 2,405,121. Americold Realty Trust Inc. has a 52 week low of $16.06 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $4.60 billion, a PE ratio of -37.56, a PEG ratio of 2.45 and a beta of 0.84. The business has a 50 day simple moving average of $16.93 and a two-hundred day simple moving average of $19.53.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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 business had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. During the same period in the prior year, the business earned $0.37 EPS. The company's revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells bought 10,000 shares of Americold Realty Trust 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 completion of the acquisition, the chief financial officer directly owned 10,000 shares in the company, valued at approximately $179,100. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George F. Jr. Chappelle bought 110,000 shares of Americold Realty Trust stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the acquisition, the chief executive officer owned 110,000 shares of the company's stock, valued at $1,978,900. This 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.