Americold Realty Trust (NYSE:COLD) Sets New 12-Month Low on Analyst Downgrade

Americold Realty Trust, Inc. (NYSE:COLD)’s stock price hit a new 52-week low during trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $33.00 to $30.00. Royal Bank of Canada currently has an outperform rating on the stock. Americold Realty Trust traded as low as $21.82 and last traded at $21.82, with a volume of 435949 shares changing hands. The stock had previously closed at $22.35.

Several other equities research analysts have also issued reports on the company. Barclays lifted their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Scotiabank boosted their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI lifted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company increased their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.73.

Institutional Trading of Americold Realty Trust

Several hedge funds have recently added to or reduced their stakes in COLD. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC increased its stake in Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the period. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust in the third quarter valued at approximately $55,000. Blue Trust Inc. boosted its stake in shares of Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Americold Realty Trust in the second quarter worth approximately $85,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

The firm’s fifty day moving average price is $26.96 and its 200-day moving average price is $26.85. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.22 billion, a P/E ratio of -22.13, a PEG ratio of 1.78 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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). The firm had revenue of $674.17 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.32 EPS. Analysts forecast that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

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.