Americold Realty Trust Inc. $COLD Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 53.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 267,123 shares of the company’s stock after selling 310,901 shares during the quarter. Allianz Asset Management GmbH’s holdings in Americold Realty Trust were worth $4,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Americold Realty Trust by 7.8% during the first quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock valued at $347,167,000 after acquiring an additional 1,169,063 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Americold Realty Trust by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after purchasing an additional 73,856 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Americold Realty Trust by 649.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock worth $89,247,000 after purchasing an additional 3,603,716 shares during the period. American Century Companies Inc. lifted its holdings in Americold Realty Trust by 28.0% in the first quarter. American Century Companies Inc. now owns 3,917,087 shares of the company’s stock worth $84,061,000 after purchasing an additional 855,883 shares during the period. Finally, Northern Trust Corp lifted its holdings in Americold Realty Trust by 14.7% in the first quarter. Northern Trust Corp now owns 3,010,483 shares of the company’s stock worth $64,605,000 after purchasing an additional 385,811 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $13.67 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $16.04. Americold Realty Trust Inc. has a 52 week low of $11.90 and a 52 week high of $26.66. The stock has a market cap of $3.89 billion, a PE ratio of -71.95, a price-to-earnings-growth ratio of 4.36 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $650.75 million for the quarter, compared to analysts’ expectations of $644.95 million. During the same period in the previous year, the business earned $0.38 earnings per share. Americold Realty Trust’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 6.7%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s payout ratio is presently -484.21%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COLD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. UBS Group began coverage on shares of Americold Realty Trust in a report on Tuesday, October 14th. They issued a “neutral” rating and a $14.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and a consensus target price of $18.08.

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.