Americold Realty Trust (NYSE:COLD) Reaches New 52-Week Low – Here’s Why

Americold Realty Trust, Inc. (NYSE:COLD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.27 and last traded at $17.48, with a volume of 4423002 shares changing hands. The stock had previously closed at $18.38.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $26.00 to $21.00 in a report on Wednesday. Finally, Scotiabank lowered their target price on shares of Americold Realty Trust from $28.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Americold Realty Trust Trading Down 3.3 %

The firm’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $22.86. 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 $5.36 billion, a PE ratio of -55.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. Equities analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio (DPR) is -270.59%.

Hedge Funds Weigh In On Americold Realty Trust

A number of large investors have recently bought and sold shares of COLD. Norges Bank purchased a new position in Americold Realty Trust during the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. raised its position in shares of Americold Realty Trust by 16.3% in the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock valued at $617,085,000 after buying an additional 4,049,374 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Americold Realty Trust by 115.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock valued at $136,698,000 after purchasing an additional 3,427,083 shares during the period. Invesco Ltd. lifted its stake in shares of Americold Realty Trust by 253.8% in the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company’s stock valued at $68,761,000 after purchasing an additional 2,304,867 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock worth $63,151,000 after buying an additional 1,678,949 shares during the period. Institutional investors own 98.14% of the company’s stock.

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.