JPMorgan Chase & Co. Purchases 48,525 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

JPMorgan Chase & Co. increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,272,052 shares of the company’s stock after buying an additional 48,525 shares during the quarter. JPMorgan Chase & Co.’s holdings in Americold Realty Trust were worth $35,961,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of COLD. FMR LLC grew its position in Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after acquiring an additional 3,844,603 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Americold Realty Trust by 2,542.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after buying an additional 1,647,522 shares in the last quarter. Darlington Partners Capital Management LP increased its position in Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after purchasing an additional 1,183,571 shares during the period. AQR Capital Management LLC raised its holdings in Americold Realty Trust by 2,175.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock worth $27,071,000 after purchasing an additional 1,039,828 shares during the last quarter. Finally, Makena Capital Management LLC acquired a new position in Americold Realty Trust in the second quarter valued at approximately $8,406,000. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

NYSE:COLD opened at $21.58 on Tuesday. The company has a market cap of $6.13 billion, a P/E ratio of -21.37, a P/E/G ratio of 1.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The firm’s fifty day moving average price is $22.88 and its two-hundred day moving average price is $26.17. Americold Realty Trust, Inc. has a one year low of $20.98 and a one year high of $30.59.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period in the previous year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts expect that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.08%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on COLD. Citigroup dropped their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Scotiabank cut their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada dropped their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Raymond James lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.