Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,025,221 shares of the company’s stock after selling 275,581 shares during the period. Principal Financial Group Inc. owned 5.29% of Americold Realty Trust worth $424,760,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Capital Insight Partners LLC boosted its stake in Americold Realty Trust by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after purchasing an additional 380 shares during the period. Moors & Cabot Inc. boosted its stake in Americold Realty Trust by 2.3% during the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after purchasing an additional 390 shares during the period. Signaturefd LLC boosted its stake in Americold Realty Trust by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares during the period. Handelsbanken Fonder AB boosted its stake in Americold Realty Trust by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after purchasing an additional 700 shares during the period. Finally, GAMMA Investing LLC raised its position in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD opened at $25.23 on Thursday. The company has a 50-day simple moving average of $27.59 and a 200-day simple moving average of $26.85. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.17 billion, a PE ratio of -24.98, a P/E/G ratio of 1.68 and a beta of 0.61. Americold Realty Trust, Inc. has a 52-week low of $21.87 and a 52-week high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. During the same quarter in the prior year, the business earned $0.28 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts predict that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.49%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COLD shares. Robert W. Baird upped their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI upped their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company upped their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Scotiabank upped their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.18.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.