Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) SVP Robert E. Harris sold 1,098 shares of Americold Realty Trust stock in a transaction on Saturday, March 8th. The shares were sold at an average price of $22.68, for a total value of $24,902.64. Following the completion of the transaction, the senior vice president now owns 4,446 shares in the company, valued at $100,835.28. The trade was a 19.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Americold Realty Trust Stock Down 2.4 %
NYSE COLD opened at $21.29 on Wednesday. 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 50-day simple moving average of $21.75 and a 200 day simple moving average of $24.23. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45. The stock has a market cap of $6.05 billion, a PE ratio of -62.61, a PEG ratio of 1.66 and a beta of 0.57.
Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.
Americold Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust's dividend payout ratio (DPR) is currently -258.82%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Raymond James cut their price objective on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Citigroup cut their price objective on Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 4th. Scotiabank raised their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday. Royal Bank of Canada cut 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. Finally, Truist Financial cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $29.25.
View Our Latest Stock Analysis on COLD
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of COLD. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $25,000. Assetmark Inc. increased its holdings 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 in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock valued at $48,000 after purchasing an additional 2,033 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $55,000. Finally, Vestcor Inc acquired a new stake in shares of Americold Realty Trust in the fourth quarter valued at approximately $86,000. Institutional investors own 98.14% of the company's stock.
Americold Realty Trust Company Profile
(
Get Free Report)
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.
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