Americold Realty Trust (NYSE:COLD) Reaches New 12-Month Low Following Analyst Downgrade

Americold Realty Trust Inc. (NYSE:COLD) hit a new 52-week low on Wednesday after Scotiabank lowered their price target on the stock from $14.00 to $12.00. Scotiabank currently has a sector perform rating on the stock. Americold Realty Trust traded as low as $11.21 and last traded at $11.35, with a volume of 6865409 shares trading hands. The stock had previously closed at $11.29.

COLD has been the subject of several other research reports. KeyCorp reduced their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Barclays dropped their price objective on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Americold Realty Trust in a report on Wednesday, October 8th. Evercore ISI reiterated an “in-line” rating and set a $13.00 target price (down previously from $19.00) on shares of Americold Realty Trust in a research note on Friday, November 7th. Finally, Robert W. Baird dropped their price target on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust presently has an average rating of “Hold” and an average price target of $16.85.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Americold Realty Trust by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,250,726 shares of the company’s stock valued at $26,841,000 after purchasing an additional 24,700 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Americold Realty Trust by 14.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 982,803 shares of the company’s stock valued at $21,091,000 after purchasing an additional 125,232 shares in the last quarter. Cerity Partners LLC acquired a new stake in Americold Realty Trust in the first quarter valued at $237,000. Xponance Inc. increased its position in shares of Americold Realty Trust by 4.5% in the first quarter. Xponance Inc. now owns 13,561 shares of the company’s stock valued at $291,000 after buying an additional 581 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Americold Realty Trust in the 1st quarter worth about $251,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $13.07 and its 200 day moving average is $15.35. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of -59.45, a PEG ratio of 4.00 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 8.2%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

About Americold Realty Trust

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.