Americold Realty Trust (NYSE:COLD) Hits New 52-Week Low - Time to Sell?

Shares of Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $16.54 and last traded at $16.63, with a volume of 6863726 shares trading hands. The stock had previously closed at $16.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COLD shares. Citigroup dropped their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company decreased their price objective on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Barclays raised Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. Finally, Robert W. Baird decreased their price objective on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.09.

Americold Realty Trust Trading Up 2.6%

The company has a fifty day simple moving average of $19.01 and a two-hundred day simple moving average of $20.97. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.77 billion, a P/E ratio of -49.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $628.98 million for the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, sell-side analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.23 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.50%. Americold Realty Trust's dividend payout ratio (DPR) is -213.95%.

Insider Activity

In other news, CEO George F. Jr. Chappelle purchased 110,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 110,000 shares in the company, valued at approximately $1,978,900. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jay Wells purchased 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company's stock, valued at approximately $179,100. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company's stock.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of COLD. Norges Bank bought a new stake in Americold Realty Trust during the fourth quarter worth about $478,674,000. Cohen & Steers Inc. increased its position in Americold Realty Trust by 16.3% during the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after buying an additional 4,049,374 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Americold Realty Trust by 649.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock worth $89,247,000 after buying an additional 3,603,716 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after buying an additional 3,427,083 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Americold Realty Trust by 1,567.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock valued at $63,541,000 after purchasing an additional 2,783,264 shares during the last quarter. Institutional investors own 98.14% of the company's stock.

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.