Americold Realty Trust, Inc. (NYSE:COLD) Stock Position Decreased by Millennium Management LLC

Millennium Management LLC lessened its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 764,341 shares of the company's stock after selling 741,487 shares during the quarter. Millennium Management LLC owned about 0.27% of Americold Realty Trust worth $16,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of Americold Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock valued at $1,677,000 after purchasing an additional 644 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Americold Realty Trust by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company's stock valued at $2,674,000 after purchasing an additional 780 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Americold Realty Trust by 4.3% in the 4th quarter. Pinebridge Investments L.P. now owns 25,257 shares of the company's stock valued at $540,000 after purchasing an additional 1,045 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in shares of Americold Realty Trust by 7.2% in the 4th quarter. Capital Insight Partners LLC now owns 17,022 shares of the company's stock valued at $364,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Garner Asset Management Corp boosted its holdings in shares of Americold Realty Trust by 3.1% in the 4th quarter. Garner Asset Management Corp now owns 37,949 shares of the company's stock valued at $812,000 after purchasing an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Down 1.1%

COLD stock traded down $0.19 during trading on Tuesday, reaching $16.63. The stock had a trading volume of 6,863,726 shares, compared to its average volume of 2,284,161. Americold Realty Trust, Inc. has a 1-year low of $16.54 and a 1-year high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.73 billion, a P/E ratio of -48.91, a PEG ratio of 1.66 and a beta of 0.95. The firm has a fifty day moving average price of $19.21 and a 200 day moving average price of $21.05.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. 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 EPS. The business's quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's payout ratio is currently -213.95%.

Insider Transactions at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle bought 110,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the transaction, the chief executive officer now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jay Wells bought 10,000 shares of the company's 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 transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $179,100. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COLD. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $26.00 to $21.00 in a report on Wednesday, April 9th. 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 reduced their target price 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 reduced their target price 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. Finally, Citigroup reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.09.

Americold Realty Trust Company Profile

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.