Loomis Sayles & Co. L P raised its position in Americold Realty Trust (NYSE:COLD) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 818,682 shares of the company’s stock after purchasing an additional 46,502 shares during the period. Loomis Sayles & Co. L P’s holdings in Americold Realty Trust were worth $31,495,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cohen & Steers Inc. grew its position in shares of Americold Realty Trust by 16.6% in the 1st 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 during the period. BlackRock Inc. raised 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 worth $690,598,000 after purchasing an additional 2,725,775 shares during the last quarter. Oaktree Capital Management LP bought a new position in Americold Realty Trust during the 4th quarter worth $439,435,000. Daiwa Securities Group Inc. raised its position in shares of Americold Realty Trust by 9.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,101,144 shares of the company’s stock worth $196,241,000 after acquiring an additional 440,524 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Americold Realty Trust by 26.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,022,534 shares of the company’s stock worth $193,217,000 after acquiring an additional 1,045,382 shares in the last quarter.
In other Americold Realty Trust news, COO Carlos V. Rodriguez sold 5,792 shares of the firm’s stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $37.96, for a total value of $219,864.32. Following the completion of the transaction, the chief operating officer now owns 30,647 shares in the company, valued at approximately $1,163,360.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas C. Novosel sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 10th. The stock was sold at an average price of $39.15, for a total value of $195,750.00. Following the completion of the transaction, the insider now owns 11,736 shares of the company’s stock, valued at approximately $459,464.40. The disclosure for this sale can be found here. Insiders have sold a total of 53,839 shares of company stock valued at $2,043,720 in the last quarter. 0.27% of the stock is owned by corporate insiders.
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 consensus estimate of $0.14 by ($0.20). The firm had revenue of $634.80 million for the quarter, compared to the consensus estimate of $596.65 million. Americold Realty Trust had a negative return on equity of 0.46% and a negative net margin of 0.63%. The firm’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, equities analysts forecast that Americold Realty Trust will post 1.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.21%. Americold Realty Trust’s payout ratio is 68.22%.
A number of research firms have issued reports on COLD. TheStreet downgraded Americold Realty Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, May 12th. KeyCorp initiated coverage on Americold Realty Trust in a research report on Monday, June 7th. They set an “overweight” rating and a $43.00 target price for the company. Finally, Zacks Investment Research lowered Americold Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 13th.
About Americold Realty Trust
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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