Truist Financial Corp Has $190,000 Holdings in Americold Realty Trust Inc. $COLD

Truist Financial Corp cut its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 26.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,415 shares of the company’s stock after selling 4,171 shares during the quarter. Truist Financial Corp’s holdings in Americold Realty Trust were worth $190,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Entropy Technologies LP acquired a new position in shares of Americold Realty Trust during the first quarter worth approximately $494,000. Vision Capital Corp increased its position in shares of Americold Realty Trust by 3.6% during the first quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock valued at $26,553,000 after purchasing an additional 42,600 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Americold Realty Trust by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock valued at $90,766,000 after purchasing an additional 73,856 shares during the period. Earnest Partners LLC increased its position in shares of Americold Realty Trust by 2.8% during the first quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock valued at $55,690,000 after purchasing an additional 71,069 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in shares of Americold Realty Trust by 14.8% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock valued at $59,794,000 after purchasing an additional 358,694 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Down 0.1%

NYSE:COLD opened at $13.66 on Friday. Americold Realty Trust Inc. has a 1-year low of $11.90 and a 1-year high of $26.90. The business’s 50-day moving average price is $13.69 and its two-hundred day moving average price is $16.18. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of -71.89, a PEG ratio of 4.35 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The company had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust’s dividend payout ratio is -484.21%.

Analyst Ratings Changes

A number of analysts have recently issued reports on COLD shares. Evercore ISI lowered their price objective on Americold Realty Trust from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Robert W. Baird lowered their price objective on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, Scotiabank lowered their price target on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, September 5th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.31.

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.