Americold Realty Trust Inc. (NYSE:COLD) Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its stake in Americold Realty Trust Inc. (NYSE:COLD) by 57.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 185,307 shares of the company’s stock after purchasing an additional 67,734 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Americold Realty Trust were worth $3,977,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Americold Realty Trust in the 4th quarter worth $980,000. Envestnet Asset Management Inc. lifted its stake in shares of Americold Realty Trust by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company’s stock worth $18,352,000 after acquiring an additional 57,248 shares during the period. Chilton Capital Management LLC lifted its stake in shares of Americold Realty Trust by 12.1% in the 1st quarter. Chilton Capital Management LLC now owns 553,751 shares of the company’s stock worth $11,997,000 after acquiring an additional 59,720 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Americold Realty Trust by 270.7% in the 1st quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company’s stock worth $2,239,000 after acquiring an additional 76,183 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Americold Realty Trust by 132.0% in 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. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $16.37 on Tuesday. 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 firm has a 50-day moving average price of $17.10 and a two-hundred day moving average price of $19.71. Americold Realty Trust Inc. has a twelve month low of $16.06 and a twelve month high of $30.45. The company has a market capitalization of $4.66 billion, a P/E ratio of -38.06, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last issued 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 firm 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 business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. As a group, research analysts expect 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 will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.62%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -213.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COLD. 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. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Wells Fargo & Company reduced their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Citigroup reduced their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Robert W. Baird reduced their price objective on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Transactions at Americold Realty Trust

In other news, CFO Jay Wells purchased 10,000 shares of the stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the acquisition, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. This represents a ? increase in their position. The purchase was disclosed in a document filed 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 dated 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 completion of the acquisition, the chief executive officer owned 110,000 shares of the company’s stock, valued at approximately $1,978,900. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.