Americold Realty Trust (NYSE:COLD) Hits New 52-Week Low – Should You Sell?

Americold Realty Trust, Inc. (NYSE:COLD) reached a new 52-week low during trading on Thursday . The company traded as low as $21.19 and last traded at $21.25, with a volume of 355399 shares. The stock had previously closed at $21.70.

Analyst Ratings Changes

COLD has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Robert W. Baird decreased their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Citigroup lowered 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 note on Wednesday, December 4th. Royal Bank of Canada reduced their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Evercore ISI raised their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Trading Up 2.1 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market capitalization of $6.11 billion, a PE ratio of -21.27, a PEG ratio of 1.80 and a beta of 0.59. The stock has a fifty day moving average of $24.00 and a 200 day moving average of $26.54.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $663.87 million. During the same period last year, the firm posted $0.32 EPS. Americold Realty Trust’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Insider Activity

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

Institutional Inflows and Outflows

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