Americold Realty Trust (NYSE:COLD) Sees Unusually-High Trading Volume – Time to Buy?

Americold Realty Trust, Inc. (NYSE:COLD) saw unusually-high trading volume on Thursday . Approximately 5,823,634 shares changed hands during trading, an increase of 192% from the previous session’s volume of 1,995,654 shares.The stock last traded at $23.34 and had previously closed at $22.45.

Analyst Upgrades and Downgrades

COLD has been the topic of several recent research reports. Barclays dropped 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. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Raymond James dropped their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Citigroup lowered their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Finally, Robert W. Baird lowered their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Three 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, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Price Performance

The business’s 50 day moving average is $21.63 and its two-hundred day moving average is $24.55. The firm has a market capitalization of $6.51 billion, a PE ratio of -67.38, a P/E/G ratio of 1.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The business had revenue of $666.44 million for the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. As a group, research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s payout ratio is currently -258.82%.

Insider Buying and Selling at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were 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. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew 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 purchasing an additional 961 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust in the fourth quarter worth approximately $25,000. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust in the third quarter worth approximately $55,000. Venturi Wealth Management LLC grew its holdings in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust in the fourth quarter worth approximately $86,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.