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

Americold Realty Trust, Inc. (NYSE:COLD) reached a new 52-week low on Tuesday . The company 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

COLD has been the subject of several analyst reports. 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. Truist Financial lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank dropped their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Robert W. Baird decreased their target price on shares of 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. Finally, Barclays dropped their price target 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. Three equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Stock Performance

The stock has a market cap of $6.03 billion, a price-to-earnings ratio of -20.99, a P/E/G ratio of 1.80 and a beta of 0.59. The firm’s 50-day moving average is $23.35 and its two-hundred day moving average is $26.32. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. Americold Realty Trust’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. As a group, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 4.15%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the business’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 transaction, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings 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 buying an additional 3,844,603 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after purchasing an additional 1,647,522 shares during the period. Darlington Partners Capital Management LP increased its position in Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after purchasing an additional 1,183,571 shares during the last quarter. AQR Capital Management LLC raised its stake 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 purchasing an additional 1,039,828 shares during the period. Finally, Makena Capital Management LLC acquired a new position in Americold Realty Trust in the 2nd quarter valued at about $8,406,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.