Truist Financial Corp Sells Off 3249 Shares of Americold Realty Trust,

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Truist Financial Corp has recently sold off 3249 shares of Americold Realty Trust ($NYSE:COLD), Inc. This divestment is part of a larger move by Truist Financial Corp to restructure its portfolio and optimize its holdings. Americold Realty Trust, Inc. is a real estate investment trust (REIT) that specializes in the ownership, development, acquisition, and management of temperature-controlled warehouses and distribution centers. Americold Realty Trust’s business model is based on the premise that the demand for temperature-controlled storage and distribution services is growing rapidly due to the increasing global demand for fresh food, pharmaceuticals, and other temperature-sensitive products. As global trade continues to expand, the company expects that this demand will remain strong. The company has invested heavily in new technology and infrastructure to ensure that their services remain competitive, and they have developed a strong portfolio of properties that provide a steady stream of rental income.

Overall, Americold Realty Trust presents an attractive investment opportunity for those interested in real estate investments, with a strong balance sheet and steady returns. With their focus on temperature-controlled storage services, they are well-positioned to take advantage of the growing global demand for such services. The recent sale of 3249 shares by Truist Financial Corp is likely part of a larger strategy to optimize their holdings, but it may also represent a broader trend in the REIT market as investors seek out companies with steady returns and strong fundamentals.

Share Price

Media sentiment has generally been positive about the sale, though there was some caution about the possible implications for the company’s stock performance going forward. The company’s stock remains relatively stable, with no major changes in its share price over the past few days. This suggests that investors are not overly concerned about the implications of the sale and have confidence in the company’s fundamentals. However, investors may want to keep an eye on the stock in case of any further developments related to the sale. 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…

VI Analysis

Americold Realty Trust is a medium risk investment according to the VI Risk Rating, which assesses the financial and business fundamentals of an organization. It is important to analyze the financials of a company before investing in it, as it reflects its long-term potential. The VI app simplifies this process by providing an easy to understand rating system. The app also flags any potential risks that may be present in the balance sheet. At present, there is one warning related to the balance sheet of Americold Realty Trust, which can be further investigated by registering with the app. Overall, the VI Risk Rating provides users with a comprehensive analysis of the financial and business fundamentals of a company. This ensures that investors make informed decisions about the viability of their investments. Keeping track of a company’s financials is essential for assessing its long-term potential and for reducing the risk of investing in it. More…

VI 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

Americold Realty Trust, Inc. is a real estate investment trust (REIT) that specializes in the ownership, operation, and development of temperature-controlled warehouses. Investors have been taking a positive view on the company, as evidenced by Truist Financial Corp’s recent sale of 3249 shares. Analysts recommend investors consider the company for its strong fundamentals, including its high dividend yield and attractive net operating income growth. Its portfolio of properties is well-diversified across different markets and its occupancy rate is expected to increase in the coming years.

Additionally, its recent investments in technology and automation have allowed the company to increase efficiency, reduce costs, and boost customer satisfaction. Overall, Americold Realty Trust is an excellent pick for investors looking for steady returns with a low risk profile.