Allianz Asset Management GmbH Has $409,000 Stock Position in Americold Realty Trust Inc. $COLD

Allianz Asset Management GmbH lowered its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 87.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,445 shares of the company’s stock after selling 233,678 shares during the quarter. Allianz Asset Management GmbH’s holdings in Americold Realty Trust were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Americold Realty Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock worth $45,025,000 after buying an additional 626,160 shares during the period. Empowered Funds LLC acquired a new stake in Americold Realty Trust during the 1st quarter worth $240,000. Jane Street Group LLC raised its position in shares of Americold Realty Trust by 8.7% during the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock valued at $1,531,000 after acquiring an additional 5,693 shares during the last quarter. Aberdeen Group plc lifted its stake in shares of Americold Realty Trust by 13.0% in the 2nd quarter. Aberdeen Group plc now owns 86,276 shares of the company’s stock valued at $1,435,000 after purchasing an additional 9,913 shares during the period. Finally, CWM LLC boosted its position in shares of Americold Realty Trust by 113.5% in the 2nd quarter. CWM LLC now owns 24,675 shares of the company’s stock worth $410,000 after purchasing an additional 13,115 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on COLD. Citigroup cut their target price on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group boosted their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company lowered their target price on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Finally, Truist Financial reduced their price target on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.85.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $12.36 on Friday. The company has a fifty day moving average price of $12.74 and a 200 day moving average price of $13.00. The firm has a market cap of $3.52 billion, a PE ratio of -56.16, a PEG ratio of 4.38 and a beta of 0.91. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $23.52.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.4%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.