Americold Realty Trust Inc. (NYSE:COLD) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Americold Realty Trust by 13.6% in the first quarter, resulting in ownership of 190,023 shares valued at approximately $4.08 million.
• Americold Realty Trust reported a loss in earnings per share of $0.34 for the last quarter, which missed analysts' estimates and marked a 5.4% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.23 per share, translating to an annualized yield of 5.7%, despite a high dividend payout ratio of -213.95%.

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 13.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 190,023 shares of the company's stock after selling 30,036 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Americold Realty Trust worth $4,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $25,000. Parallel Advisors LLC increased 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 period. Assetmark Inc. increased its position in Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares during the period. Spire Wealth Management acquired a new position in Americold Realty Trust during the 1st quarter worth approximately $52,000. Finally, Blue Trust Inc. increased 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 period. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COLD. Scotiabank reiterated a "sector perform" rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Wells Fargo & Company lowered their price target on 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 lowered their price target on 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 cut Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Thursday, June 12th. Finally, KeyCorp lowered their price target on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.92.

Insider Buying and Selling at Americold Realty Trust

In other news, CFO Jay Wells bought 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, with a total value of $179,100.00. Following the transaction, the chief financial officer owned 10,000 shares of the company's stock, valued at $179,100. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was purchased 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 directly 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 Trading Up 2.2%

Shares of Americold Realty Trust stock traded up $0.35 during trading hours on Tuesday, reaching $16.10. 3,145,456 shares of the company's stock were exchanged, compared to its average volume of 2,812,798. Americold Realty Trust Inc. has a 52-week low of $15.45 and a 52-week high of $29.87. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of -37.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. The company has a fifty day moving average of $16.67 and a 200-day moving average of $19.16. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $628.98 million for the quarter, compared to analysts' expectations of $667.18 million. During the same period in the prior year, the company earned $0.37 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is -213.95%.

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.