Prudential Financial Inc. Sells 365,015 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Prudential Financial Inc. cut its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,989,592 shares of the company's stock after selling 365,015 shares during the period. Prudential Financial Inc. owned 1.05% of Americold Realty Trust worth $63,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COLD. Venturi Wealth Management LLC increased its holdings in Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after acquiring an additional 2,033 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust in the third quarter worth $55,000. Vestcor Inc purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth $86,000. EverSource Wealth Advisors LLC boosted its stake in Americold Realty Trust by 3,946.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company's stock valued at $126,000 after buying an additional 5,723 shares during the period. Finally, Blue Trust Inc. grew its position in Americold Realty Trust by 100.6% during the fourth quarter. Blue Trust Inc. now owns 7,783 shares of the company's stock worth $167,000 after buying an additional 3,903 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Trading Up 0.3 %

Shares of NYSE:COLD traded up $0.06 on Friday, reaching $21.70. 1,310,193 shares of the company traded hands, compared to its average volume of 2,118,149. The stock has a market capitalization of $6.17 billion, a P/E ratio of -63.87, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The business's 50-day simple moving average is $21.84 and its 200 day simple moving average is $23.61. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 52 week low of $20.41 and a 52 week high of $30.45.

Remove Ads

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.27. The business had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Friday, March 28th. This is an increase from Americold Realty Trust's previous quarterly dividend of $0.22. Americold Realty Trust's payout ratio is currently -270.59%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COLD shares. Citigroup lowered their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Raymond James lowered their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Truist Financial cut their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Finally, Scotiabank lifted their price objective on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.82.

About Americold Realty Trust

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.