Lighthouse Investment Partners LLC Takes $9.10 Million Position in Americold Realty Trust, Inc. (NYSE:COLD)

Lighthouse Investment Partners LLC acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 425,000 shares of the company's stock, valued at approximately $9,095,000. Lighthouse Investment Partners LLC owned 0.15% of Americold Realty Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COLD. Y Intercept Hong Kong Ltd increased its holdings in Americold Realty Trust by 139.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock valued at $1,322,000 after acquiring an additional 35,973 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Americold Realty Trust in the fourth quarter worth approximately $980,000. Envestnet Asset Management Inc. grew its stake in shares of Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock valued at $18,352,000 after buying an additional 57,248 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after buying an additional 1,678,949 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Americold Realty Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock worth $26,237,000 after purchasing an additional 29,580 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup reduced their price objective on 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. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.64.

Insider Activity at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the acquisition, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $1,978,900. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jay Wells bought 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. 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 up $0.02 during trading hours on Thursday, hitting $17.96. The stock had a trading volume of 3,203,506 shares, compared to its average volume of 2,253,985. Americold Realty Trust, Inc. has a 1-year low of $16.56 and a 1-year high of $30.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -52.82, a PEG ratio of 1.66 and a beta of 0.95. The stock's fifty day simple moving average is $19.96 and its 200 day simple moving average is $21.56.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The company had revenue of $628.98 million for the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 5.12%. Americold Realty Trust's dividend payout ratio 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.