Americold Realty Trust (NYSE:COLD) Trading Down 8.8% – Time to Sell?

Americold Realty Trust, Inc. (NYSE:COLD)’s share price fell 8.8% during mid-day trading on Thursday . The stock traded as low as $23.04 and last traded at $23.04. 847,853 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 2,154,646 shares. The stock had previously closed at $25.26.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Scotiabank boosted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Robert W. Baird raised their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI increased their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Stock Down 8.0 %

The company’s 50-day simple moving average is $27.59 and its 200 day simple moving average is $26.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. Americold Realty Trust’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities research analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.79%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently modified their holdings of the company. Capital Insight Partners LLC boosted its position in shares of Americold Realty Trust by 2.6% in the second quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock valued at $390,000 after acquiring an additional 380 shares during the period. Moors & Cabot Inc. boosted its holdings in Americold Realty Trust by 2.3% in the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after purchasing an additional 390 shares during the period. Signaturefd LLC boosted its holdings in Americold Realty Trust by 17.3% in the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after purchasing an additional 689 shares during the period. Handelsbanken Fonder AB grew its position in Americold Realty Trust by 1.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Americold Realty Trust by 189.9% during 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. Institutional investors 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.