Americold Realty Trust Inc. (NYSE:COLD) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 649.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,158,779 shares of the company's stock after acquiring an additional 3,603,716 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.46% of Americold Realty Trust worth $89,247,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in Americold Realty Trust during the 4th quarter worth approximately $25,000. Parallel Advisors LLC grew its position in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the last quarter. Spire Wealth Management purchased a new stake in Americold Realty Trust during the 1st quarter worth approximately $52,000. Blue Trust Inc. grew its position in Americold Realty Trust by 3,390.0% during the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock worth $60,000 after purchasing an additional 2,712 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in Americold Realty Trust during the 4th quarter worth approximately $86,000. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Shares of COLD traded down $0.19 during trading hours on Friday, hitting $16.15. The stock had a trading volume of 1,510,669 shares, compared to its average volume of 2,403,868. 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 firm has a 50-day moving average price of $16.95 and a 200 day moving average price of $19.59. Americold Realty Trust Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $30.45. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of -37.56, a PEG ratio of 2.46 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its 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). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The firm had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The business's revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts anticipate 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio is presently -213.95%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Robert W. Baird dropped 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. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Thursday, June 12th. KeyCorp dropped their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Insiders Place Their Bets

In related news, CEO George F. Jr. Chappelle acquired 110,000 shares of Americold Realty Trust stock in a transaction 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 transaction, the chief executive officer owned 110,000 shares of the company's stock, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jay Wells acquired 10,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the transaction, the chief financial officer directly owned 10,000 shares of the company's stock, valued at $179,100. 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.

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.