Mackenzie Financial Corp Takes $354,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

Mackenzie Financial Corp bought a new stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,528 shares of the company's stock, valued at approximately $354,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COLD. Cohen & Steers Inc. increased its stake in shares of Americold Realty Trust by 16.3% in the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after buying an additional 4,049,374 shares during the last quarter. Norges Bank bought a new stake in shares of Americold Realty Trust in the 4th quarter worth about $478,674,000. FMR LLC increased its position in shares of Americold Realty Trust by 0.9% in the 4th quarter. FMR LLC now owns 13,382,883 shares of the company's stock worth $286,394,000 after purchasing an additional 121,452 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after purchasing an additional 3,427,083 shares in the last quarter. Finally, PGGM Investments lifted its position in shares of Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company's stock worth $118,961,000 after purchasing an additional 655,782 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD traded up $0.37 on Friday, hitting $17.20. The company's stock had a trading volume of 3,656,007 shares, compared to its average volume of 2,283,206. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of -50.59, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a 12 month low of $16.11 and a 12 month high of $30.45. The stock's 50-day moving average is $18.50 and its two-hundred day moving average is $20.79.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced 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 net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business's quarterly revenue was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.35%. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Insider Transactions at Americold Realty Trust

In related news, CFO Jay Wells bought 10,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $17.99 per share, with a total value of $1,978,900.00. Following the transaction, the chief executive officer now directly owns 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on COLD. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. 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. Wells Fargo & Company lowered their price target on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Citigroup decreased their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Americold Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $26.09.

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.