Americold Realty Trust (NYSE:COLD) Hits New 12-Month Low – Here’s What Happened

Americold Realty Trust, Inc. (NYSE:COLD) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $20.98 and last traded at $21.20, with a volume of 1513174 shares trading hands. The stock had previously closed at $21.40.

Analyst Upgrades and Downgrades

Several brokerages have commented on COLD. Barclays lowered their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Robert W. Baird lowered their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Raymond James reduced their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Price Performance

The firm’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $26.25. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.08 billion, a PE ratio of -21.19, a PEG ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, research analysts forecast that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.11%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Americold Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of COLD. Assetmark Inc. increased its stake in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the period. Loomis Sayles & Co. L P purchased a new stake in shares of Americold Realty Trust during the third quarter worth about $55,000. Signaturefd LLC raised its stake in Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Americold Realty Trust by 29.5% in the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after purchasing an additional 883 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company 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.