Americold Realty Trust (NYSE:COLD) Sees Unusually-High Trading Volume

Americold Realty Trust (NYSE:COLD) saw an uptick in trading volume on Thursday . 176,506 shares traded hands during mid-day trading, a decline of 89% from the previous session’s volume of 1,652,019 shares.The stock last traded at $38.83 and had previously closed at $39.73.

COLD has been the topic of several analyst reports. TheStreet downgraded Americold Realty Trust from a “b-” rating to a “c+” rating in a report on Wednesday, May 12th. Zacks Investment Research downgraded Americold Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 13th. Finally, KeyCorp assumed coverage on shares of Americold Realty Trust in a report on Monday, June 7th. They set an “overweight” rating and a $43.00 price target on the stock.

The stock has a market cap of $9.79 billion, a P/E ratio of -794.60, a P/E/G ratio of 3.07 and a beta of 0.13. The business has a 50 day moving average of $38.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.22 and a current ratio of 0.22.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Wednesday, May 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20). The company had revenue of $634.80 million during the quarter, compared to analysts’ expectations of $596.65 million. Americold Realty Trust had a negative return on equity of 0.46% and a negative net margin of 0.63%. Americold Realty Trust’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. As a group, equities research analysts expect that Americold Realty Trust will post 1.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 29th. This represents a $0.88 annualized dividend and a yield of 2.27%. Americold Realty Trust’s dividend payout ratio (DPR) is currently 68.22%.

In related news, insider Thomas C. Novosel sold 5,000 shares of Americold Realty Trust stock in a transaction dated Thursday, June 10th. The shares were sold at an average price of $39.15, for a total transaction of $195,750.00. Following the completion of the transaction, the insider now directly owns 11,736 shares of the company’s stock, valued at approximately $459,464.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James C. Snyder, Jr. sold 7,047 shares of the stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $37.77, for a total transaction of $266,165.19. Following the completion of the sale, the executive vice president now directly owns 26,536 shares in the company, valued at $1,002,264.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,839 shares of company stock valued at $2,043,720. 0.27% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cohen & Steers Inc. raised its stake in shares of Americold Realty Trust by 16.6% during the first quarter. Cohen & Steers Inc. now owns 24,646,507 shares of the company’s stock valued at $948,158,000 after acquiring an additional 3,501,700 shares in the last quarter. BlackRock Inc. increased its position in Americold Realty Trust by 17.9% during the 1st quarter. BlackRock Inc. now owns 17,951,648 shares of the company’s stock valued at $690,598,000 after purchasing an additional 2,725,775 shares during the period. Oaktree Capital Management LP purchased a new stake in shares of Americold Realty Trust in the 4th quarter worth approximately $439,435,000. Daiwa Securities Group Inc. boosted its stake in shares of Americold Realty Trust by 9.5% during the first quarter. Daiwa Securities Group Inc. now owns 5,101,144 shares of the company’s stock valued at $196,241,000 after purchasing an additional 440,524 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Americold Realty Trust by 26.3% during the first quarter. Victory Capital Management Inc. now owns 5,022,534 shares of the company’s stock worth $193,217,000 after buying an additional 1,045,382 shares during the period.

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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