Americold Realty Trust (NYSE:COLD) Hits New 52-Week Low - Here's What Happened

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.27 and last traded at $17.48, with a volume of 4423002 shares trading hands. The stock had previously closed at $18.38.

Analysts Set New Price Targets

COLD has been the topic of several recent research reports. Citigroup decreased their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Scotiabank reduced their price objective on shares of Americold Realty Trust from $28.00 to $24.00 and set a "sector outperform" rating for the company in a research note on Thursday. Finally, Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Americold Realty Trust Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of -57.53, a P/E/G ratio of 1.66 and a beta of 0.77. The stock has a fifty day moving average of $21.29 and a 200 day moving average of $22.75.

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Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to analysts' expectations of $684.03 million. On average, analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 4.70%. Americold Realty Trust's dividend payout ratio is presently -270.59%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Americold Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company's stock worth $1,677,000 after buying an additional 644 shares during the period. Treasurer of the State of North Carolina boosted its stake in Americold Realty Trust by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company's stock valued at $2,674,000 after acquiring an additional 780 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after purchasing an additional 847 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company's stock valued at $1,373,000 after purchasing an additional 882 shares during the period. Finally, Pinebridge Investments L.P. increased its position in Americold Realty Trust by 4.3% during the fourth quarter. Pinebridge Investments L.P. now owns 25,257 shares of the company's stock worth $540,000 after buying an additional 1,045 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Company Profile

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.