Allianz Asset Management GmbH Reduces Holdings in Americold Realty Trust Inc. $COLD

Allianz Asset Management GmbH lowered its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 53.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,123 shares of the company’s stock after selling 310,901 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of Americold Realty Trust worth $4,442,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $36,000. Assetmark Inc. raised its stake in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. Avalon Trust Co purchased a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $49,000. Spire Wealth Management purchased a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $52,000. Finally, Blue Trust Inc. raised its stake in shares of Americold Realty Trust by 3,390.0% during the first quarter. Blue Trust Inc. now owns 2,792 shares of the company’s stock valued at $60,000 after purchasing an additional 2,712 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday. KeyCorp decreased their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. UBS Group assumed coverage on shares of Americold Realty Trust in a research report on Tuesday, October 14th. They set a “neutral” rating and a $14.00 price target for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Hold” and a consensus price target of $18.08.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $13.67 on Friday. The company has a market cap of $3.89 billion, a PE ratio of -71.95, a P/E/G ratio of 4.36 and a beta of 0.81. The company has a fifty day moving average price of $13.60 and a two-hundred day moving average price of $16.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. Americold Realty Trust Inc. has a 12 month low of $11.90 and a 12 month high of $26.66.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Research analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.7%. Americold Realty Trust’s payout ratio is -484.21%.

Americold Realty Trust Company 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.