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

Americold Realty Trust, Inc. (NYSE:COLD)’s stock price reached 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 trading hands. The stock had previously closed at $22.35.

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

Institutional Trading of Americold Realty Trust

Institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its position 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 valued at $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC grew its position in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust in the third quarter valued at about $55,000. Blue Trust Inc. grew its position in shares of Americold Realty Trust by 2,727.4% in 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. acquired a new stake in shares of Americold Realty Trust in the second quarter valued at about $85,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 0.6 %

The company’s 50-day moving average price is $26.67 and its 200-day moving average price is $26.81. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of -21.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.32 earnings per share. Equities analysts expect that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

About Americold Realty Trust

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.