Americold Realty Trust (NYSE:COLD) Sets New 52-Week Low – Time to Sell?

Americold Realty Trust, Inc. (NYSE:COLD) shares reached a new 52-week low during mid-day trading on Wednesday . The stock 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

A number of brokerages have issued reports on COLD. Scotiabank lowered their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. Truist Financial dropped their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Citigroup reduced their price objective on shares of 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. Barclays decreased 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 report on Monday, November 18th. Finally, 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 report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Price Performance

The company has a fifty day moving average of $22.79 and a 200-day moving average of $26.14. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.03 billion, a PE ratio of -21.01, a P/E/G ratio of 1.80 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million during 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%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Sell-side analysts expect that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.22 dividend. 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 -87.13%.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated 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 owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares during the period. Deprince Race & Zollo Inc. lifted its position in Americold Realty Trust by 2,542.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after acquiring an additional 1,647,522 shares during the period. Darlington Partners Capital Management LP lifted its position 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 worth $230,321,000 after acquiring an additional 1,183,571 shares during the period. AQR Capital Management LLC grew its stake in shares of Americold Realty Trust by 2,175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock valued at $27,071,000 after purchasing an additional 1,039,828 shares during the last quarter. Finally, Makena Capital Management LLC acquired a new position in shares of Americold Realty Trust in the second quarter valued at approximately $8,406,000. 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.