Prudential Financial Inc. Lowers Position in Americold Realty Trust, Inc. (NYSE:COLD)

Prudential Financial Inc. decreased its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,989,592 shares of the company’s stock after selling 365,015 shares during the quarter. Prudential Financial Inc.’s holdings in Americold Realty Trust were worth $63,977,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust during the 3rd quarter valued at approximately $55,000. Venturi Wealth Management LLC boosted its position in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the period. Vestcor Inc purchased a new stake in shares of Americold Realty Trust in the fourth quarter worth $86,000. EverSource Wealth Advisors LLC raised its position in shares of Americold Realty Trust by 3,946.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock valued at $126,000 after purchasing an additional 5,723 shares during the period. Finally, Point72 DIFC Ltd lifted its stake in shares of Americold Realty Trust by 405.7% during the 3rd quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after buying an additional 5,797 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on COLD shares. Citigroup decreased 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. Raymond James decreased their target price on 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. Scotiabank upped their price target on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. Finally, Truist Financial reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.82.

Americold Realty Trust Stock Up 1.6 %

NYSE COLD opened at $21.64 on Tuesday. The stock has a 50 day moving average price of $21.80 and a 200-day moving average price of $23.69. Americold Realty Trust, Inc. has a one year low of $20.41 and a one year high of $30.45. 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 company has a market capitalization of $6.15 billion, a P/E ratio of -63.64, a P/E/G ratio of 1.66 and a beta of 0.57.

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

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This is a boost from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, March 28th. Americold Realty Trust’s payout ratio 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.