Lincluden Management Ltd. Has $2.97 Million Stake in Americold Realty Trust Inc. (NYSE:COLD)

Lincluden Management Ltd. lifted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 34.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,224 shares of the company's stock after purchasing an additional 35,761 shares during the quarter. Lincluden Management Ltd.'s holdings in Americold Realty Trust were worth $2,966,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in COLD. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Americold Realty Trust in the first quarter valued at approximately $33,013,000. Garner Asset Management Corp lifted its holdings in Americold Realty Trust by 9.9% in the first quarter. Garner Asset Management Corp now owns 41,687 shares of the company's stock valued at $895,000 after acquiring an additional 3,738 shares during the period. Berkeley Capital Partners LLC lifted its holdings in Americold Realty Trust by 20.3% in the first quarter. Berkeley Capital Partners LLC now owns 48,970 shares of the company's stock valued at $1,051,000 after acquiring an additional 8,256 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Americold Realty Trust by 649.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock worth $89,247,000 after buying an additional 3,603,716 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Americold Realty Trust by 57.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 185,307 shares of the company's stock worth $3,977,000 after buying an additional 67,734 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Up 0.5%

NYSE COLD traded up $0.08 on Friday, reaching $16.62. The company had a trading volume of 2,605,756 shares, compared to its average volume of 3,160,926. The firm has a 50-day moving average of $16.81 and a 200-day moving average of $19.39. Americold Realty Trust Inc. has a 1 year low of $16.06 and a 1 year high of $30.45. The firm has a market capitalization of $4.73 billion, a PE ratio of -38.64, a P/E/G ratio of 2.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. On average, equities research analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is -213.95%.

Analyst Ratings Changes

Several brokerages recently weighed in on COLD. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and cut their target price for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. Wells Fargo & Company dropped their price objective on shares of 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. KeyCorp dropped their price objective on shares of 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. Finally, BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Thursday, June 12th. Five equities 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.92.

Insiders Place Their Bets

In other news, CEO George F. Jr. Chappelle bought 110,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were purchased 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 directly owned 110,000 shares in the company, valued at approximately $1,978,900. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price 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 in the company, valued at $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 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.