Illinois Municipal Retirement Fund Grows Position in Americold Realty Trust, Inc. (NYSE:COLD)

Illinois Municipal Retirement Fund boosted its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 55.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 103,628 shares of the company's stock after acquiring an additional 37,156 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Americold Realty Trust were worth $2,218,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock valued at $28,000 after purchasing an additional 961 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Americold Realty Trust in the 3rd quarter worth about $55,000. Venturi Wealth Management LLC boosted its holdings in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after buying an additional 2,033 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Americold Realty Trust during the third quarter valued at approximately $128,000. Finally, Point72 DIFC Ltd boosted its stake in shares of Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company's stock worth $204,000 after acquiring an additional 5,797 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Down 2.2 %

COLD traded down $0.51 on Monday, hitting $22.42. The company had a trading volume of 1,877,137 shares, compared to its average volume of 2,077,490. The company's fifty day moving average price is $21.63 and its 200 day moving average price is $24.50. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.37 billion, a P/E ratio of -65.94, a PEG ratio of 1.66 and a beta of 0.61.

Remove Ads

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, equities analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.93%. Americold Realty Trust's payout ratio is presently -258.82%.

Analysts Set New Price Targets

COLD has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Raymond James decreased their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Scotiabank dropped their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a "sector outperform" rating for the company in a research note on Tuesday, December 10th. Barclays lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Finally, Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

Insider Activity

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the transaction, the senior vice president now directly owns 1,837 shares of the company's stock, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.17% 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.