Americold Realty Trust (NYSE:COLD) Sets New 1-Year Low - Time to Sell?

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $21.19 and last traded at $21.25, with a volume of 355399 shares traded. The stock had previously closed at $21.70.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Raymond James dropped 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 report on Wednesday, December 11th. Robert W. Baird cut their price objective on 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. Barclays cut their price target on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. Finally, Citigroup reduced their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

Americold Realty Trust Stock 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 50-day moving average price of $24.22 and a 200-day moving average price of $26.61. The firm has a market capitalization of $5.98 billion, a PE ratio of -20.82, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (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 for the quarter, compared to analysts' expectations of $663.87 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Americold Realty Trust's revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts expect that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.18%. Americold Realty Trust's dividend payout ratio (DPR) is -87.13%.

Insider Transactions at Americold Realty Trust

In related news, SVP Robert E. Harris sold 1,836 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of COLD. Assetmark Inc. increased its stake in shares of Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock valued at $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC boosted its position in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock worth $32,000 after acquiring an additional 735 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust in the third quarter worth $55,000. Blue Trust Inc. increased its holdings in shares of Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company's stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock valued at $102,000 after purchasing an additional 740 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

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.