PGGM Investments Sells 293,359 Shares of Americold Realty Trust Inc. $COLD

PGGM Investments lessened its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,619,178 shares of the company’s stock after selling 293,359 shares during the period. PGGM Investments owned 1.62% of Americold Realty Trust worth $56,539,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Americold Realty Trust during the 3rd quarter worth $61,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Americold Realty Trust by 5.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,969,728 shares of the company’s stock worth $48,589,000 after acquiring an additional 213,267 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Americold Realty Trust by 13.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,797 shares of the company’s stock worth $744,000 after acquiring an additional 7,088 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Americold Realty Trust by 11.8% during the third quarter. State of Alaska Department of Revenue now owns 156,188 shares of the company’s stock valued at $1,910,000 after acquiring an additional 16,536 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in Americold Realty Trust during the third quarter valued at about $485,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $13.41 on Friday. The stock has a 50 day moving average of $11.92 and a two-hundred day moving average of $13.57. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. Americold Realty Trust Inc. has a 12 month low of $10.10 and a 12 month high of $23.52. The company has a market capitalization of $3.82 billion, a P/E ratio of -60.93, a P/E/G ratio of 4.80 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.Americold Realty Trust’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Americold Realty Trust’s payout ratio is -418.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. KeyCorp dropped their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Evercore ISI lowered their target price on Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Wells Fargo & Company dropped their price target on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Robert W. Baird reiterated a “neutral” rating and set a $13.00 price target (down from $16.00) on shares of Americold Realty Trust in a report on Thursday, December 18th. Finally, Truist Financial reduced their price objective on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.