PGGM Investments Invests $114.44 Million in Americold Realty Trust, Inc. (NYSE:COLD)

PGGM Investments bought a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,480,675 shares of the company’s stock, valued at approximately $114,436,000. Americold Realty Trust makes up approximately 1.6% of PGGM Investments’ holdings, making the stock its 17th largest holding. PGGM Investments owned approximately 1.58% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $50,000. Principal Securities Inc. acquired a new stake in Americold Realty Trust during the 4th quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Americold Realty Trust during the 2nd quarter valued at about $85,000. Signaturefd LLC increased its holdings in shares of Americold Realty Trust by 24.0% in the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after purchasing an additional 659 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Americold Realty Trust in the first quarter worth about $220,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

COLD stock traded down $0.33 during mid-day trading on Wednesday, reaching $28.39. 1,517,557 shares of the company’s stock were exchanged, compared to its average volume of 2,395,285. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16. Americold Realty Trust, Inc. has a 12-month low of $21.87 and a 12-month high of $33.90. The stock’s 50 day moving average is $27.39 and its 200 day moving average is $25.97. The company has a market cap of $8.06 billion, a price-to-earnings ratio of -24.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. During the same period in the previous year, the firm posted $0.28 EPS. Americold Realty Trust’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts expect that Americold Realty Trust, Inc. will post 1.35 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

Analysts Set New Price Targets

COLD has been the topic of several research reports. Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Monday, July 1st. Barclays reduced their target price on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday. Robert W. Baird upped their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $27.00 to $30.00 in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

Americold Realty Trust Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.