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

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $20.07 and last traded at $20.42, with a volume of 324235 shares. The stock had previously closed at $21.47.

Wall Street Analyst Weigh In

A number of research firms have commented on COLD. Raymond James cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Scotiabank raised their price target on Americold Realty Trust from $27.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 10th. Finally, Citigroup decreased their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.82.

Americold Realty Trust Trading Down 4.9 %

The company has a 50-day simple moving average of $21.49 and a 200-day simple moving average of $23.02. 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 stock has a market cap of $4.97 billion, a P/E ratio of -51.40, a P/E/G ratio of 1.66 and a beta of 0.77.

Remove Ads

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

Americold Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 5.26%. Americold Realty Trust's dividend payout ratio (DPR) is -270.59%.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently bought and sold shares of COLD. Norges Bank purchased a new position in shares of Americold Realty Trust during the fourth quarter worth about $478,674,000. Cohen & Steers Inc. grew its position in Americold Realty Trust by 16.3% during the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Americold Realty Trust by 115.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after acquiring an additional 3,427,083 shares during the period. Invesco Ltd. grew its stake in shares of Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock valued at $68,761,000 after purchasing an additional 2,304,867 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Americold Realty Trust by 132.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after buying an additional 1,678,949 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

About Americold Realty Trust

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.