Americold Realty Trust (NYSE:COLD) Reaches New 52-Week Low - Here's Why

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $20.98 and last traded at $21.43, with a volume of 1036418 shares. The stock had previously closed at $21.27.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COLD. Wells Fargo & Company upped their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Truist Financial decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Robert W. Baird lowered their price objective on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Evercore ISI boosted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Americold Realty Trust Stock Up 0.8 %

The company has a market cap of $6.09 billion, a P/E ratio of -21.22, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The business's fifty day moving average is $23.78 and its two-hundred day moving average is $26.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) 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). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same period in the prior year, the firm posted $0.32 EPS. The business's revenue was up .9% on a year-over-year basis. Equities analysts predict that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.22 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.11%. Americold Realty Trust's payout ratio is currently -87.13%.

Insider Buying and Selling

In related news, SVP Robert E. Harris sold 1,836 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the transaction, the senior vice president now owns 1,837 shares of the company's stock, valued at $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in COLD. Principal Financial Group Inc. raised its stake in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company's stock worth $390,783,000 after acquiring an additional 3,602,337 shares in the last quarter. FMR LLC grew its holdings in Americold Realty Trust by 40.8% in the third 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 during the last quarter. Darlington Partners Capital Management LP increased its position 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 in the last quarter. Long Pond Capital LP increased its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company's stock valued at $110,255,000 after purchasing an additional 165,667 shares during the last quarter. 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.