APG Asset Management US Inc. Has $285.30 Million Stock Holdings in Americold Realty Trust Inc. $COLD

Key Points

• APG Asset Management US Inc. reduced its stake in Americold Realty Trust by 17.6%, owning 13.5 million shares worth approximately $285.3 million.
• Wall Street analysts have adjusted their price targets for Americold Realty Trust, with the consensus rating now at "Moderate Buy" and a target price of $21.83.
• The company's recent earnings report showed a positive EPS of $0.36, exceeding expectations, although revenue decreased by 1.5% year-over-year.

APG Asset Management US Inc. trimmed its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 17.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,508,710 shares of the company's stock after selling 2,882,590 shares during the period. Americold Realty Trust comprises 2.2% of APG Asset Management US Inc.'s holdings, making the stock its 14th largest position. APG Asset Management US Inc. owned approximately 4.74% of Americold Realty Trust worth $285,304,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COLD. GKV Capital Management Co. Inc. acquired a new position in shares of Americold Realty Trust during the 1st quarter worth about $36,000. Parallel Advisors LLC boosted its stake in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after buying an additional 847 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after buying an additional 826 shares during the last quarter. Avalon Trust Co acquired a new position in shares of Americold Realty Trust during the 1st quarter worth about $49,000. Finally, Spire Wealth Management acquired a new position in shares of Americold Realty Trust during the 1st quarter worth about $52,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Wall Street Zen raised shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada dropped their target price on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.83.

Americold Realty Trust Stock Down 1.1%

Shares of COLD stock opened at $14.3950 on Friday. 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 firm's 50-day moving average is $16.13 and its 200-day moving average is $18.57. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -75.76, a PEG ratio of 4.50 and a beta of 0.81. Americold Realty Trust Inc. has a 52-week low of $14.23 and a 52-week high of $29.79.

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

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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