Prudential Financial Inc. Sells 2,901,254 Shares of Americold Realty Trust Inc. $COLD

Prudential Financial Inc. reduced its stake in Americold Realty Trust Inc. (NYSE:COLD) by 81.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 645,823 shares of the company’s stock after selling 2,901,254 shares during the period. Prudential Financial Inc.’s holdings in Americold Realty Trust were worth $10,740,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Americold Realty Trust by 31.7% during the 2nd quarter. American Century Companies Inc. now owns 5,158,328 shares of the company’s stock valued at $85,783,000 after purchasing an additional 1,241,241 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Americold Realty Trust by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after buying an additional 73,856 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Americold Realty Trust by 46.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock valued at $62,470,000 after buying an additional 1,182,707 shares during the last quarter. Northern Trust Corp boosted its stake in Americold Realty Trust by 14.7% during the first quarter. Northern Trust Corp now owns 3,010,483 shares of the company’s stock valued at $64,605,000 after buying an additional 385,811 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Americold Realty Trust by 1,567.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company’s stock valued at $63,541,000 after buying an additional 2,783,264 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 2.3%

COLD stock opened at $10.80 on Friday. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $24.22. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -56.86, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $12.37 and its two-hundred day simple moving average is $14.71.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.5%. Americold Realty Trust’s dividend payout ratio is currently -418.18%.

Analysts Set New Price Targets

COLD has been the subject of a number of research reports. Wall Street Zen downgraded Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. UBS Group decreased their price target on shares of Americold Realty Trust from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. KeyCorp dropped their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada downgraded shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.31.

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.