Americold Realty Trust, Inc. (NYSE:COLD) Shares Purchased by PGGM Investments

PGGM Investments boosted its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,558,936 shares of the company’s stock after acquiring an additional 655,782 shares during the period. Americold Realty Trust comprises approximately 1.6% of PGGM Investments’ portfolio, making the stock its 19th largest position. PGGM Investments’ holdings in Americold Realty Trust were worth $118,961,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in Americold Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock worth $1,677,000 after purchasing an additional 644 shares during the period. Moors & Cabot Inc. grew its holdings in shares of Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock worth $510,000 after buying an additional 700 shares during the last quarter. KBC Group NV increased its position in Americold Realty Trust by 12.8% in the 3rd quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after acquiring an additional 845 shares during the period. MML Investors Services LLC increased its position in Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after acquiring an additional 882 shares during the period. Finally, Assetmark Inc. raised its stake in Americold Realty Trust by 2,288.1% during the 3rd 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. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on COLD. Raymond James lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Citigroup cut their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Scotiabank lifted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, Truist Financial cut their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Americold Realty Trust Stock Down 1.2 %

COLD stock opened at $21.04 on Thursday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $21.75 and its 200 day moving average price is $24.18. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45. The company has a market cap of $5.98 billion, a P/E ratio of -61.87, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. On average, research analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.18%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is -258.82%.

Americold Realty Trust Company Profile

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.