Americold Realty Trust (NYSE:COLD) Hits New 12-Month Low - Here's Why

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $20.97 and last traded at $21.10, with a volume of 123729 shares trading hands. The stock had previously closed at $21.29.

Analysts Set New Price Targets

Several brokerages have recently commented on COLD. 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 report on Wednesday, November 13th. Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. Scotiabank lowered their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a "sector outperform" rating for the company in a research note on Tuesday, December 10th. Raymond James reduced their price objective on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Finally, Citigroup decreased their price objective on 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

Americold Realty Trust Trading Down 0.5 %

The stock has a 50 day simple moving average of $22.79 and a 200-day simple moving average of $26.14. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.02 billion, a P/E ratio of -20.97, a P/E/G ratio of 1.80 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million for the quarter, compared to analysts' expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.15%. The ex-dividend date is Tuesday, December 31st. Americold Realty Trust's dividend payout ratio is presently -87.13%.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the firm's stock in a transaction dated 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 owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. lifted its position in Americold Realty Trust by 2,288.1% during 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 last quarter. GAMMA Investing LLC raised its position in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock valued at $32,000 after buying an additional 735 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Americold Realty Trust during the 3rd quarter valued at about $55,000. Blue Trust Inc. lifted its holdings in shares of Americold Realty Trust by 29.5% in the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company's stock valued at $110,000 after acquiring an additional 883 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Americold Realty Trust in the third quarter worth about $128,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

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.