Americold Realty Trust Inc. $COLD Shares Sold by PGGM Investments

Key Points

• PGGM Investments reduced its stake in Americold Realty Trust by 16.4%, selling 964,245 shares and maintaining a remaining ownership of 4,912,537 shares.
• Americold Realty Trust experienced a price target downgrade from several analysts, with Wells Fargo reducing their price objective to $15.00 and BNP Paribas lowering theirs to $18.00.
• The company announced a quarterly dividend of $0.23, resulting in an annual yield of 7.5%, despite a reported negative dividend payout ratio of -484.21%.

PGGM Investments lowered its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 16.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,912,537 shares of the company's stock after selling 964,245 shares during the quarter. Americold Realty Trust comprises 1.4% of PGGM Investments' portfolio, making the stock its 28th largest position. PGGM Investments owned about 1.73% of Americold Realty Trust worth $81,695,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GKV Capital Management Co. Inc. acquired a new stake in shares of Americold Realty Trust in the first quarter valued at about $36,000. Parallel Advisors LLC grew 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 purchasing an additional 847 shares in the last quarter. Assetmark Inc. grew its stake in Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after purchasing an additional 826 shares in the last quarter. Avalon Trust Co acquired a new stake in Americold Realty Trust during the 1st quarter valued at approximately $49,000. Finally, Spire Wealth Management acquired a new stake in Americold Realty Trust during the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

COLD has been the subject of a number of recent analyst reports. BNP Paribas Exane lowered Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Thursday, June 12th. Wells Fargo & Company lowered their price objective on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Barclays lowered their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Truist Financial lowered their price objective on Americold Realty Trust from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Finally, KeyCorp lowered their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.08.

Americold Realty Trust Trading Down 2.0%

Shares of NYSE COLD opened at $12.24 on Wednesday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -64.42, a price-to-earnings-growth ratio of 3.95 and a beta of 0.85. Americold Realty Trust Inc. has a 12-month low of $11.90 and a 12-month high of $28.36. 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 stock's 50 day simple moving average is $14.41 and its 200 day simple moving average is $16.94.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Equities research analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 dividend yield of 7.5%. Americold Realty Trust's dividend payout ratio (DPR) is -484.21%.

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.

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