Oppenheimer Asset Management Inc. Grows Holdings in Americold Realty Trust Inc. (NYSE:COLD)

Oppenheimer Asset Management Inc. lifted its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 39.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,706 shares of the company's stock after buying an additional 24,946 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Americold Realty Trust were worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Americold Realty Trust in the fourth quarter worth approximately $478,674,000. Cohen & Steers Inc. raised its position in shares of Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after purchasing an additional 2,304,867 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after purchasing an additional 1,678,949 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Citigroup lowered their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Robert W. Baird cut their price target 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, Wells Fargo & Company decreased their price objective 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.67.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $17.91 per share, with a total value of $179,100.00. Following the purchase, the chief financial officer directly owned 10,000 shares in the company, valued at approximately $179,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer owned 110,000 shares in the company, valued at approximately $1,978,900. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company's stock.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD traded down $0.27 during midday trading on Monday, reaching $16.60. The company's stock had a trading volume of 3,340,224 shares, compared to its average volume of 2,326,884. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $17.67 and a 200 day moving average of $20.02. Americold Realty Trust Inc. has a twelve month low of $16.11 and a twelve month high of $30.45. The firm has a market capitalization of $4.73 billion, a PE ratio of -38.60, a P/E/G ratio of 1.59 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share 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 for the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business's revenue was down 5.4% on a year-over-year basis. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.54%. Americold Realty Trust's dividend payout ratio (DPR) is currently -213.95%.

Americold Realty Trust 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.