Principal Financial Group Inc. Reduces Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Principal Financial Group Inc. reduced its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,025,221 shares of the company’s stock after selling 275,581 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of Americold Realty Trust worth $424,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cambiar Investors LLC increased its holdings in Americold Realty Trust by 1.4% during the 3rd quarter. Cambiar Investors LLC now owns 460,816 shares of the company’s stock valued at $13,027,000 after acquiring an additional 6,175 shares in the last quarter. US Bancorp DE boosted its stake in shares of Americold Realty Trust by 2.0% during the 3rd quarter. US Bancorp DE now owns 92,319 shares of the company’s stock worth $2,610,000 after purchasing an additional 1,783 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Americold Realty Trust by 195.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,302 shares of the company’s stock worth $772,000 after purchasing an additional 18,062 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Americold Realty Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,474 shares of the company’s stock worth $300,000 after purchasing an additional 2,703 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Americold Realty Trust during the 3rd quarter worth about $8,370,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COLD. Evercore ISI raised their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Robert W. Baird raised their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial raised their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays raised their price target on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Scotiabank raised their target price 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Trading Down 3.7 %

Shares of COLD stock opened at $25.23 on Thursday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -24.98, a price-to-earnings-growth ratio of 1.68 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $30.92. The firm’s 50 day moving average price is $27.59 and its two-hundred day moving average price is $26.85.

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

Americold Realty Trust Dividend Announcement

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

About Americold Realty Trust

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.