OVERSEA CHINESE BANKING Corp Ltd Has $3.98 Million Position in Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd increased its stake in Americold Realty Trust by 57.6% in Q1, raising its total ownership to approximately 0.07% of the company, valued at $3,977,000.
• CEO George F. Jr. Chappelle bought 110,000 shares of Americold Realty Trust, and CFO Jay Wells acquired 10,000 shares, both purchases reflecting significant increases in their respective stakes.
• A recent quarterly earnings report showed Americold Realty Trust missed expectations, reporting $0.34 EPS against an estimate of $0.35, with revenues declining by 5.4% year-over-year.

OVERSEA CHINESE BANKING Corp Ltd raised its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 57.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 185,307 shares of the company's stock after buying an additional 67,734 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.07% of Americold Realty Trust worth $3,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares during the period. Assetmark Inc. grew its position in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares during the period. Spire Wealth Management bought a new position in shares of Americold Realty Trust in the 1st quarter valued at about $52,000. Blue Trust Inc. grew its position in shares of Americold Realty Trust by 3,390.0% in the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock valued at $60,000 after acquiring an additional 2,712 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust in the 4th quarter valued at about $86,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Down 5.8%

NYSE COLD traded down $0.95 during trading hours on Thursday, reaching $15.25. The company's stock had a trading volume of 1,245,189 shares, compared to its average volume of 2,832,114. The firm has a fifty day simple moving average of $16.66 and a 200-day simple moving average of $19.12. The stock has a market cap of $4.34 billion, a P/E ratio of -35.39, a P/E/G ratio of 2.49 and a beta of 0.81. Americold Realty Trust Inc. has a 52 week low of $15.21 and a 52 week high of $29.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 6.0%. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Insider Activity at Americold Realty Trust

In other news, CFO Jay Wells purchased 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the acquisition, the chief financial officer owned 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the acquisition, the chief executive officer owned 110,000 shares in the company, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research reports. Robert W. Baird decreased 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. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. Barclays decreased their price objective on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. 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. Finally, JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.92.

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.