Principal Financial Group Sells Over 4,000 Shares of Americold Realty Trust,

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The company’s primary focus involves the acquisition, development, ownership, and management of temperature-controlled warehouses in the United States.

Additionally, Americold provides supply chain services to customers within the food industry, including frozen and refrigerated warehousing and transportation services. The stock of Americold Realty Trust ($NYSE:COLD) is traded on the New York Stock Exchange (NYSE) under the ticker symbol COLD. The shares of the company are traded in the form of publicly traded common stock and are owned by numerous institutional, accredited individual investors, and retail shareholders. The company’s strong presence in the US market makes it an attractive investment option for investors who seek consistent returns over time.

Share Price

The stock opened the day at $29.7 and closed at $29.4, down by 1.4% from it’s closing price of $29.8 the day prior. The Principal Financial Group Inc.’s sale has come at an important time for AMERICOLD REALTY TRUST and its shareholders, as the company is currently working to grow its portfolio of refrigerated warehouse and logistics services. This could potentially lead to further value increase in the stock price in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for COLD. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for COLD. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for COLD. More…

Key Ratios Snapshot

Some of the financial key ratios for COLD are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of AMERICOLD REALTY TRUST’s wellbeing. Based on our Risk Rating, we found that AMERICOLD REALTY TRUST is a medium risk investment when considering both financial and business aspects. In our analysis, we detected one risk warning in the balance sheet. To learn more about this warning, we encourage you to register on goodwhale.com for more detailed information. More…

Peers

The company is the largest provider of temperature-controlled warehousing services in the United States with over 1,000 locations across 38 states. Americold’s competitors include Rayonier Inc, Dream Industrial Real Estate Investment Trust, and Morguard North American Residential Real Estate Investment Trust.

– Rayonier Inc ($NYSE:RYN)

Rayonier Inc. is a forest products company, which engages in the manufacture and sale of wood products. It operates through the following segments: Timberland, Rayonier Advanced Materials, and Forest Resources. The Timberland segment manages, leases, and sells timberlands located in the United States and New Zealand. The Rayonier Advanced Materials segment produces and sells high-purity cellulose, specialty fibers, and fluff pulp. The Forest Resources segment provides stumpage, land, and log brokerage services to third-party customers. The company was founded in 1926 and is headquartered in Jacksonville, FL.

– Dream Industrial Real Estate Investment Trust ($TSX:DIR.UN)

As of 2022, Dream Industrial Real Estate Investment Trust has a market cap of 2.71B. The company is a Canadian real estate investment trust that owns and operates a portfolio of light industrial properties across Canada. The company’s properties are primarily located in major urban centres, such as Toronto, Vancouver, and Montreal.

– Morguard North American Residential Real Estate Investment Trust ($TSX:MRG.UN)

Morguard North American Residential Real Estate Investment Trust is a real estate investment trust that owns and operates rental properties in the United States and Canada. As of December 31, 2020, the company owned and operated 1,798 rental properties with an aggregate of approximately 205,000 units.

Summary

Principal Financial Group Inc. recently sold off 4097 shares of Americold Realty Trust, Inc. This could be viewed as a sign of decreased confidence in the company’s stock. Americold Realty Trust is a global REIT specializing in the ownership, operation, and development of temperature-controlled warehouses. The company’s portfolio includes more than 1 billion cubic feet of refrigerated warehouse space in the United States, Australia, New Zealand, Canada, and Mexico. Analysts recommend assessing the company’s fundamentals, such as revenue growth, dividends, cash flow and balance sheet metrics, to make an informed decision about investing in the stock.

Furthermore, investors should track potential risks and competitive pressures from other REITs and the overall market. Keeping an eye on recent news and developments from the company can also be beneficial.