Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 22.5% in the 4th quarter, HoldingsChannel reports. The fund owned 3,375 shares of the company’s stock after selling 982 shares during the period. PNC Financial Services Group Inc.’s holdings in Americold Realty Trust were worth $72,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its stake in Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after purchasing an additional 35,973 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after acquiring an additional 165,667 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock worth $26,237,000 after acquiring an additional 29,580 shares during the last quarter. TCW Group Inc. grew its holdings in Americold Realty Trust by 21.6% in the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock valued at $1,731,000 after purchasing an additional 14,386 shares during the period. Finally, US Bancorp DE increased its position in Americold Realty Trust by 18.4% during the fourth quarter. US Bancorp DE now owns 109,302 shares of the company’s stock worth $2,339,000 after purchasing an additional 16,983 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on COLD shares. Truist Financial decreased 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 report on Thursday, December 5th. Scotiabank boosted their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday, March 10th. Citigroup cut their price objective 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. Finally, Raymond James decreased their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $28.82.

Americold Realty Trust Stock Down 0.4 %

NYSE COLD opened at $21.51 on Wednesday. The stock has a market cap of $6.12 billion, a PE ratio of -63.26, a P/E/G ratio of 1.66 and a beta of 0.57. The business has a 50 day moving average price of $21.80 and a two-hundred day moving average price of $23.69. Americold Realty Trust, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $30.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $666.44 million for the quarter, compared to the consensus estimate 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, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This is an increase from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 4.28%. Americold Realty Trust’s payout ratio is currently -270.59%.

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.