Americold Realty Trust (NYSE:COLD) Hits New 1-Year Low – Should You Sell?

Shares of Americold Realty Trust, Inc. (NYSE:COLD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.98 and last traded at $21.43, with a volume of 1036418 shares. The stock had previously closed at $21.27.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Raymond James reduced their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Barclays lowered their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Finally, Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Stock Down 0.0 %

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 stock has a market capitalization of $6.09 billion, a PE ratio of -21.21, a PEG ratio of 1.80 and a beta of 0.59. The firm’s fifty day moving average is $23.67 and its 200-day moving average is $26.41.

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

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.11%. Americold Realty Trust’s payout ratio is currently -87.13%.

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of COLD. FMR LLC increased its position in shares of Americold Realty Trust by 40.8% in the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after buying an additional 3,844,603 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Americold Realty Trust by 2,542.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after acquiring an additional 1,647,522 shares during the last quarter. Darlington Partners Capital Management LP increased its holdings in Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after acquiring an additional 1,183,571 shares in the last quarter. AQR Capital Management LLC raised its position in Americold Realty Trust by 2,175.4% during the second quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock worth $27,071,000 after acquiring an additional 1,039,828 shares during the last quarter. Finally, Makena Capital Management LLC purchased a new stake in shares of Americold Realty Trust in the second quarter valued at about $8,406,000. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

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.