Prudential Financial Inc. Trims Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Prudential Financial Inc. reduced its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Several other hedge funds have also bought and sold shares of COLD. FMR LLC lifted its holdings in shares of Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Americold Realty Trust by 78.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock valued at $53,975,000 after buying an additional 1,109,528 shares in the last quarter. PGGM Investments raised its stake in Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock valued at $118,961,000 after buying an additional 655,782 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Americold Realty Trust by 14.7% in the fourth quarter. American Century Companies Inc. now owns 3,061,204 shares of the company’s stock worth $65,510,000 after acquiring an additional 392,862 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Americold Realty Trust by 510.1% during the fourth quarter. Boston Partners now owns 399,164 shares of the company’s stock valued at $8,542,000 after acquiring an additional 333,742 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COLD shares. Truist Financial dropped their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Raymond James cut their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Citigroup decreased their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday. Finally, Scotiabank increased their target price on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Price Performance

Shares of COLD opened at $21.64 on Tuesday. The firm has a fifty day simple moving average of $21.80 and a two-hundred day simple moving average of $23.69. The firm has a market cap of $6.15 billion, a PE ratio of -63.64, a P/E/G ratio of 1.66 and a beta of 0.57. 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 1-year low of $20.41 and a 1-year high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.25%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

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.