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

Americold Realty Trust, Inc. (NYSE:COLD) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.97 and last traded at $21.10, with a volume of 123729 shares trading hands. The stock had previously closed at $21.29.

Analyst Ratings Changes

Several research firms have recently issued reports on COLD. Scotiabank decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Citigroup decreased their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Robert W. Baird dropped their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Truist Financial dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Stock Down 2.3 %

The company has a market cap of $5.88 billion, a P/E ratio of -20.49, a PEG ratio of 1.80 and a beta of 0.61. 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 fifty day moving average price of $22.60 and a 200 day moving average price of $26.07.

Americold Realty Trust (NYSE:COLD) last announced 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 company had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Americold Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Insider Buying and Selling at Americold Realty Trust

In related news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Americold Realty Trust

A number of large investors have recently bought and sold shares of the company. FMR LLC raised its stake in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after acquiring an additional 3,844,603 shares during the period. Darlington Partners Capital Management LP raised its position in shares of Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after purchasing an additional 1,183,571 shares during the period. Long Pond Capital LP lifted its stake in shares of Americold Realty Trust by 2.9% during the 2nd quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock worth $112,001,000 after buying an additional 123,440 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after buying an additional 165,667 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Americold Realty Trust by 9.0% during the 2nd quarter. Millennium Management LLC now owns 3,590,968 shares of the company’s stock worth $91,713,000 after buying an additional 297,326 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.