Envestnet Asset Management Inc. Buys 125,232 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Envestnet Asset Management Inc. raised its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 982,803 shares of the company's stock after purchasing an additional 125,232 shares during the quarter. Envestnet Asset Management Inc. owned 0.35% of Americold Realty Trust worth $21,091,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COLD. Raymond James Financial Inc. purchased a new stake in shares of Americold Realty Trust during the 4th quarter valued at about $980,000. Teacher Retirement System of Texas increased its holdings in 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 purchasing an additional 76,183 shares during the last quarter. Chilton Capital Management LLC increased its holdings in 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 purchasing an additional 59,720 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 1,678,949 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Americold Realty Trust by 2.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,573,754 shares of the company's stock worth $55,233,000 after purchasing an additional 51,548 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Shares of COLD traded down $0.19 during mid-day trading on Friday, reaching $16.15. The company had a trading volume of 1,516,356 shares, compared to its average volume of 2,405,121. Americold Realty Trust Inc. has a twelve month low of $16.06 and a twelve month high of $30.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13. The company's 50-day moving average is $16.93 and its 200-day moving average is $19.54. The company has a market capitalization of $4.60 billion, a P/E ratio of -37.56, a P/E/G ratio of 2.45 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) 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 in the previous year, the company posted $0.37 earnings per share. The company's quarterly revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 5.70%. Americold Realty Trust's dividend payout ratio is currently -213.95%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Americold Realty Trust

In other Americold Realty Trust news, CEO George F. Jr. Chappelle acquired 110,000 shares of the company's stock in a transaction that occurred 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 purchase, the chief executive officer owned 110,000 shares of the company's stock, valued at $1,978,900. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jay Wells acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the purchase, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

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.