Americold Realty Trust Inc. $COLD Stock Holdings Trimmed by PGGM Investments

PGGM Investments lowered its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 16.4% during the 2nd quarter, Holdings Channel reports. The fund owned 4,912,537 shares of the company’s stock after selling 964,245 shares during the period. Americold Realty Trust makes up approximately 1.4% of PGGM Investments’ portfolio, making the stock its 28th largest holding. PGGM Investments’ holdings in Americold Realty Trust were worth $81,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in COLD. Mackenzie Financial Corp bought a new stake in Americold Realty Trust during the 4th quarter valued at $354,000. GAMMA Investing LLC raised its stake in Americold Realty Trust by 11,560.8% during the 1st quarter. GAMMA Investing LLC now owns 138,181 shares of the company’s stock valued at $2,965,000 after acquiring an additional 136,996 shares in the last quarter. Parallel Advisors LLC raised its stake in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock valued at $45,000 after acquiring an additional 847 shares in the last quarter. Merit Financial Group LLC bought a new stake in Americold Realty Trust during the 1st quarter valued at $229,000. Finally, Fulton Bank N.A. raised its stake in Americold Realty Trust by 10.2% during the 1st quarter. Fulton Bank N.A. now owns 29,354 shares of the company’s stock valued at $630,000 after acquiring an additional 2,712 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

NYSE COLD opened at $12.24 on Wednesday. Americold Realty Trust Inc. has a twelve month low of $11.90 and a twelve month high of $28.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $3.49 billion, a PE ratio of -64.42, a P/E/G ratio of 3.95 and a beta of 0.85. The stock has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $16.94.

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

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.5%. Americold Realty Trust’s dividend payout ratio is -484.21%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI dropped their price objective on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Truist Financial lowered their price target on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Wall Street Zen upgraded Americold Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Scotiabank lowered their price target on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a report on Tuesday, September 23rd. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and an average target price of $19.08.

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.