Oppenheimer Asset Management Inc. Acquires 24,946 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Oppenheimer Asset Management Inc. raised its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 39.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,706 shares of the company's stock after acquiring an additional 24,946 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Americold Realty Trust were worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

COLD has been the subject of several recent research reports. Robert W. Baird decreased their price objective on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 16th. 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 research note on Wednesday, April 9th. Citigroup dropped their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. 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. Finally, JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $24.00 to $21.00 in a report on Monday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.67.

Americold Realty Trust Price Performance

NYSE COLD traded up $0.05 on Friday, hitting $16.92. The stock had a trading volume of 4,965,648 shares, compared to its average volume of 2,323,654. The firm has a 50-day moving average of $17.80 and a 200-day moving average of $20.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. Americold Realty Trust Inc. has a 52-week low of $16.11 and a 52-week high of $30.45. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of -39.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84.

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 the consensus estimate of $0.35 by ($0.01). The business had revenue of $628.98 million for the quarter, compared to analysts' expectations of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. Equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust's payout ratio is -213.95%.

Insider Activity

In other news, CEO George F. Jr. Chappelle acquired 110,000 shares of Americold Realty Trust stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the transaction, the chief executive officer now owns 110,000 shares of the company's stock, valued at $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jay Wells bought 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price 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 $179,100. The trade was 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.

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.