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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) reached a new 52-week low during trading on Wednesday . The stock traded as low as $20.97 and last traded at $21.10, with a volume of 123729 shares traded. The stock had previously closed at $21.29.

Analyst Ratings Changes

Several analysts have recently weighed in on COLD shares. Barclays lowered their target price 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. Raymond James dropped their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Scotiabank cut their target price on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada dropped their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Finally, Robert W. Baird cut their price objective on 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Stock Down 0.3 %

The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $22.79 and a 200-day moving average price of $26.14. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -21.01, a P/E/G ratio of 1.80 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Tuesday, December 31st. Americold Realty Trust’s payout ratio is currently -87.13%.

Insider Buying and Selling at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares during the last quarter. GAMMA Investing LLC increased its stake in Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Americold Realty Trust in the 3rd quarter worth about $55,000. Blue Trust Inc. lifted its stake in shares of Americold Realty Trust by 29.5% in the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock valued at $110,000 after purchasing an additional 883 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Americold Realty Trust during the 3rd quarter worth about $128,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.