Principal Financial Group Inc. boosted its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,177,420 shares of the company's stock after acquiring an additional 1,169,063 shares during the period. Principal Financial Group Inc. owned 5.68% of Americold Realty Trust worth $347,167,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Capital Management LLC lifted its position in Americold Realty Trust by 5.5% during the first quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock valued at $256,000 after acquiring an additional 618 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Americold Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock worth $1,677,000 after buying an additional 644 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Americold Realty Trust by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company's stock worth $2,674,000 after buying an additional 780 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Americold Realty Trust by 68.1% in the first 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. Finally, Pinebridge Investments L.P. raised its holdings in shares of Americold Realty Trust by 4.3% in the fourth quarter. Pinebridge Investments L.P. now owns 25,257 shares of the company's stock worth $540,000 after buying an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on COLD shares. KeyCorp decreased their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Citigroup decreased their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Americold Realty Trust has an average rating of "Moderate Buy" and an average price target of $24.00.
Read Our Latest Research Report on COLD
Americold Realty Trust Stock Performance
Shares of NYSE:COLD traded down $0.10 during midday trading on Friday, reaching $16.88. The company's stock had a trading volume of 1,067,060 shares, compared to its average volume of 2,366,044. The firm has a market capitalization of $4.81 billion, a PE ratio of -39.25, a P/E/G ratio of 1.99 and a beta of 0.84. Americold Realty Trust Inc. has a twelve month low of $16.11 and a twelve month high of $30.45. The stock has a fifty day moving average of $17.42 and a 200 day moving average of $19.88. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19.
Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.
Americold Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.45%. Americold Realty Trust's dividend payout ratio is presently -213.95%.
Insider Buying and Selling at Americold Realty Trust
In other news, CEO George F. Jr. Chappelle purchased 110,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer owned 110,000 shares in the company, valued at $1,978,900. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jay Wells purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the transaction, the chief financial officer owned 10,000 shares of the company's stock, valued at $179,100. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.
Americold Realty Trust Company Profile
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Free Report)
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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