Americold Realty Trust (NYSE:COLD) Reaches New 1-Year Low - Should You Sell?

Shares of Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $20.98 and last traded at $21.20, with a volume of 1513174 shares. The stock had previously closed at $21.40.

Analyst Ratings Changes

COLD has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Raymond James reduced their price target on shares of 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. Finally, Citigroup dropped their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.17.

Americold Realty Trust Price Performance

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 simple moving average is $23.26 and its 200 day simple moving average is $26.29. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of -21.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $663.87 million. During the same quarter last year, the firm posted $0.32 EPS. The company's revenue was up .9% compared to the same quarter last year. Research analysts predict that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Tuesday, December 31st. Americold Realty Trust's payout ratio is currently -87.13%.

Insider Buying and Selling

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the company's stock in a transaction that occurred 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 represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Americold Realty Trust by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 1,272,052 shares of the company's stock worth $35,961,000 after purchasing an additional 48,525 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Americold Realty Trust by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company's stock valued at $6,564,000 after buying an additional 30,831 shares during the period. Tidal Investments LLC grew its position in shares of Americold Realty Trust by 51.2% during the 3rd quarter. Tidal Investments LLC now owns 91,203 shares of the company's stock valued at $2,578,000 after buying an additional 30,875 shares during the last quarter. TCW Group Inc. acquired a new stake in Americold Realty Trust during the third quarter worth about $1,880,000. Finally, Barclays PLC lifted its holdings in Americold Realty Trust by 22.3% in the third quarter. Barclays PLC now owns 98,739 shares of the company's stock worth $2,791,000 after acquiring an additional 18,015 shares during the last quarter. 98.14% of the stock is currently owned by 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.