Americold Realty Trust (NYSE:COLD) Sees Strong Trading Volume - Here's Why

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) saw strong trading volume on Thursday . 5,823,634 shares changed hands during mid-day trading, an increase of 192% from the previous session's volume of 1,995,654 shares.The stock last traded at $23.34 and had previously closed at $22.45.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COLD. Barclays lowered their price target 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. Citigroup lowered their price target 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. Truist Financial lowered their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Raymond James lowered their price target 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. Finally, Robert W. Baird lowered their price target on shares of 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $29.17.

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Americold Realty Trust Price Performance

The stock's 50-day moving average is $21.63 and its 200 day moving average is $24.50. 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 company has a market cap of $6.37 billion, a PE ratio of -65.94, a PEG ratio of 1.66 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $684.03 million. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 3.93%. Americold Realty Trust's payout ratio is -258.82%.

Insider Buying and Selling at Americold Realty Trust

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 shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares in the company, valued at approximately $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in COLD. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Americold Realty Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,474 shares of the company's stock worth $300,000 after acquiring an additional 2,703 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Americold Realty Trust by 195.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,302 shares of the company's stock worth $772,000 after acquiring an additional 18,062 shares during the period. US Bancorp DE increased its stake in shares of Americold Realty Trust by 2.0% in the third quarter. US Bancorp DE now owns 92,319 shares of the company's stock worth $2,610,000 after acquiring an additional 1,783 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Americold Realty Trust in the third quarter worth $128,000. Finally, Easterly Investment Partners LLC increased its stake in shares of Americold Realty Trust by 174.6% in the third quarter. Easterly Investment Partners LLC now owns 334,081 shares of the company's stock worth $9,444,000 after acquiring an additional 212,426 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

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.