Americold Realty Trust (NYSE:COLD) Sees Strong Trading Volume

Americold Realty Trust (NYSE:COLD) saw unusually-high trading volume on Friday . Approximately 148,101 shares were traded during mid-day trading, a decline of 92% from the previous session’s volume of 1,878,146 shares.The stock last traded at $39.14 and had previously closed at $39.47.

COLD has been the subject of several research reports. Zacks Investment Research upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet cut shares of Americold Realty Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, May 12th. Finally, KeyCorp initiated coverage on shares of Americold Realty Trust in a research note on Monday. They issued an “overweight” rating and a $43.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.25.

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market capitalization of $9.86 billion, a P/E ratio of -789.40, a price-to-earnings-growth ratio of 3.06 and a beta of 0.14. The stock’s 50 day simple moving average is $38.79.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Wednesday, May 5th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.20). Americold Realty Trust had a negative return on equity of 0.46% and a negative net margin of 0.63%. The company had revenue of $634.80 million for the quarter, compared to analyst estimates of $596.65 million. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, analysts forecast that Americold Realty Trust will post 1.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.25%. Americold Realty Trust’s dividend payout ratio (DPR) is presently 68.22%.

In related news, Director James R. Heistand sold 30,000 shares of the business’s stock in a transaction dated Friday, May 21st. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00. Also, COO Carlos V. Rodriguez sold 5,792 shares of the business’s stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $37.96, for a total transaction of $219,864.32. Following the completion of the sale, the chief operating officer now owns 30,647 shares in the company, valued at $1,163,360.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,839 shares of company stock worth $1,847,970. Corporate insiders own 0.27% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Full18 Capital LLC purchased a new stake in shares of Americold Realty Trust in the 4th quarter worth about $3,107,000. Keybank National Association OH lifted its holdings in Americold Realty Trust by 137.1% in the 1st quarter. Keybank National Association OH now owns 41,295 shares of the company’s stock valued at $1,589,000 after purchasing an additional 23,880 shares in the last quarter. Boston Partners purchased a new position in Americold Realty Trust in the 4th quarter valued at about $6,122,000. Pasadena Private Wealth LLC lifted its holdings in Americold Realty Trust by 3.4% in the 4th quarter. Pasadena Private Wealth LLC now owns 121,395 shares of the company’s stock valued at $4,532,000 after purchasing an additional 4,012 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Americold Realty Trust by 1.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 596,069 shares of the company’s stock valued at $22,251,000 after purchasing an additional 10,516 shares in the last quarter.

Americold Realty Trust Company Profile (NYSE:COLD)

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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