American Assets Investment Management LLC Takes Position in Americold Realty Trust Inc. (NYSE:COLD)

American Assets Investment Management LLC purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 103,820 shares of the company’s stock, valued at approximately $2,228,000.

A number of other hedge funds have also bought and sold shares of COLD. Cohen & Steers Inc. grew its position in shares of Americold Realty Trust by 16.3% during 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Americold Realty Trust by 649.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock valued at $89,247,000 after buying an additional 3,603,716 shares during the period. Alyeska Investment Group L.P. grew its position in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock worth $136,698,000 after buying an additional 3,427,083 shares in the last quarter. Invesco Ltd. grew its position in Americold Realty Trust by 253.8% during the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock worth $68,761,000 after buying an additional 2,304,867 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 1,678,949 shares during the period. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Scotiabank reissued a “sector perform” rating and set a $20.00 target price on shares of Americold Realty Trust in a report on Thursday, May 15th. BNP Paribas Exane cut shares of Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Thursday, June 12th. Robert W. Baird decreased their target price 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. Barclays dropped their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Finally, Wells Fargo & Company cut their price target on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $23.92.

Americold Realty Trust Trading Down 2.8%

COLD opened at $16.15 on Thursday. The company has a market cap of $4.60 billion, a P/E ratio of -37.56, a PEG ratio of 2.52 and a beta of 0.84. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $16.75 and its 200-day moving average is $19.32. Americold Realty Trust Inc. has a 1-year low of $16.00 and a 1-year high of $30.45.

Americold Realty Trust (NYSE:COLD) last issued its 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). The company had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 EPS. Equities research analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.70%. Americold Realty Trust’s dividend payout ratio is presently -213.95%.

Insider Transactions at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle acquired 110,000 shares of the stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the purchase, the chief executive officer directly owned 110,000 shares of the company’s stock, valued at $1,978,900. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jay Wells acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer owned 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. Company insiders own 0.23% of the company’s stock.

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.