Principal Financial Group Inc. Has $424.76 Million Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Principal Financial Group Inc. reduced its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,025,221 shares of the company's stock after selling 275,581 shares during the period. Principal Financial Group Inc. owned about 5.29% of Americold Realty Trust worth $424,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 1832 Asset Management L.P. raised its holdings in shares of Americold Realty Trust by 9.2% during the first quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company's stock worth $10,922,000 after purchasing an additional 36,811 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Americold Realty Trust by 100.3% during the first quarter. Centersquare Investment Management LLC now owns 1,798,751 shares of the company's stock valued at $44,825,000 after purchasing an additional 900,815 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Americold Realty Trust by 14.2% in the 1st quarter. Sei Investments Co. now owns 1,627,556 shares of the company's stock worth $40,559,000 after purchasing an additional 201,911 shares during the last quarter. Swiss National Bank grew its stake in Americold Realty Trust by 5.1% during the 1st quarter. Swiss National Bank now owns 559,700 shares of the company's stock worth $13,948,000 after buying an additional 27,100 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Americold Realty Trust in the first quarter valued at $1,401,000. Institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

COLD has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Scotiabank lifted their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Evercore ISI boosted 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 report on Wednesday, August 28th. Truist Financial increased their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Wells Fargo & Company boosted their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Americold Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $31.18.

Americold Realty Trust Stock Down 8.3 %

Shares of Americold Realty Trust stock traded down $2.09 during trading on Thursday, hitting $23.17. The stock had a trading volume of 7,429,522 shares, compared to its average volume of 2,185,116. Americold Realty Trust, Inc. has a 1 year low of $21.87 and a 1 year high of $30.92. The stock has a 50 day simple moving average of $27.59 and a 200 day simple moving average of $26.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm 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%. Americold Realty Trust's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. On average, analysts predict that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust's payout ratio is -87.13%.

Americold Realty Trust Profile

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.