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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) hit a new 52-week low during trading on Wednesday . The company traded as low as $20.49 and last traded at $20.55, with a volume of 793475 shares traded. The stock had previously closed at $21.09.

Analyst Ratings Changes

COLD has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Raymond James decreased their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Scotiabank dropped their target price on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Citigroup decreased their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Finally, Truist Financial dropped their price objective on 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Stock Performance

The stock has a market capitalization of $6.08 billion, a P/E ratio of -21.19, a PEG ratio of 1.55 and a beta of 0.61. The stock’s 50-day simple moving average is $22.19 and its 200 day simple moving average is $25.92. 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, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. Research analysts expect that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.11%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Insider Buying and Selling

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently modified their holdings of COLD. FMR LLC raised its stake in Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares in the last quarter. Darlington Partners Capital Management LP increased its holdings in shares of Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after purchasing an additional 1,183,571 shares during the period. Long Pond Capital LP increased its holdings in shares of Americold Realty Trust by 2.9% during the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock worth $112,001,000 after purchasing an additional 123,440 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after buying an additional 165,667 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Americold Realty Trust by 9.0% in the second quarter. Millennium Management LLC now owns 3,590,968 shares of the company’s stock valued at $91,713,000 after buying an additional 297,326 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.