Oppenheimer Asset Management Inc. Has $1.34 Million Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Oppenheimer Asset Management Inc. reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,760 shares of the company’s stock after selling 13,668 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Americold Realty Trust were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moors & Cabot Inc. increased its position in shares of Americold Realty Trust by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock worth $510,000 after purchasing an additional 700 shares in the last quarter. KBC Group NV grew its stake in Americold Realty Trust by 12.8% during the third quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after buying an additional 845 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Americold Realty Trust by 1.8% during the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after buying an additional 882 shares in the last quarter. Assetmark Inc. raised its stake 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 acquiring an additional 961 shares during the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in shares of Americold Realty Trust by 7.2% in the 4th quarter. Capital Insight Partners LLC now owns 17,022 shares of the company’s stock worth $364,000 after acquiring an additional 1,140 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $22.42 on Tuesday. The firm’s 50 day moving average price is $21.63 and its two-hundred day moving average price is $24.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. The stock has a market cap of $6.37 billion, a PE ratio of -65.94, a PEG ratio of 1.66 and a beta of 0.61.

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

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.93%. Americold Realty Trust’s payout ratio is currently -258.82%.

Analysts Set New Price Targets

COLD has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Barclays lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Raymond James reduced their target price on shares of 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Activity

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

About Americold Realty Trust

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.