Principal Financial Group Inc. Decreases Position in Americold Realty Trust, Inc. (NYSE:COLD)

Principal Financial Group Inc. cut its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,008,357 shares of the company's stock after selling 16,864 shares during the quarter. Principal Financial Group Inc. owned about 5.28% of Americold Realty Trust worth $321,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COLD. Signaturefd LLC increased its position in shares of Americold Realty Trust by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company's stock worth $132,000 after purchasing an additional 689 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Americold Realty Trust by 4.0% during the 3rd quarter. Moors & Cabot Inc. now owns 18,040 shares of the company's stock worth $510,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV increased its position in shares of Americold Realty Trust by 12.8% during the 3rd quarter. KBC Group NV now owns 7,452 shares of the company's stock worth $211,000 after purchasing an additional 845 shares during the last quarter. MML Investors Services LLC increased its position in shares of Americold Realty Trust by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company's stock worth $1,373,000 after purchasing an additional 882 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Americold Realty Trust by 29.5% during the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company's stock worth $110,000 after purchasing an additional 883 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on COLD shares. Citigroup cut their price objective on Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, December 4th. Truist Financial cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Raymond James lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Finally, Robert W. Baird lowered their target price on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.17% of the company's stock.

Americold Realty Trust Stock Up 0.7 %

Shares of COLD traded up $0.14 during midday trading on Wednesday, hitting $21.10. The company had a trading volume of 2,229,504 shares, compared to its average volume of 1,660,322. The company's 50-day simple moving average is $21.64 and its 200-day simple moving average is $24.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $6.00 billion, a P/E ratio of -20.88, a P/E/G ratio of 1.60 and a beta of 0.61. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust's payout ratio is presently -87.13%.

Americold Realty Trust 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.