Americold Realty Trust (NYSE:COLD) Hits New 1-Year Low - Here's Why

Key Points

• Americold Realty Trust's share price hit a new 52-week low at $15.31, with a recent trading price of $15.41, reflecting a significant drop from its previous close of $16.20.
• A number of analysts, including Robert W. Baird and KeyCorp, have lowered their price targets for the company, with an average target price now at $23.92 and a consensus rating of "Moderate Buy."
• The company recently reported earnings of $0.36 per share, which exceeded the consensus estimate, although its revenue decreased by 1.5% compared to the previous year.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.31 and last traded at $15.41, with a volume of 541830 shares. The stock had previously closed at $16.20.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price target 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. KeyCorp dropped their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Thursday, June 12th. Barclays decreased their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Finally, Scotiabank reiterated a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.92.

Americold Realty Trust Trading Down 8.8%

The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -34.45, a P/E/G ratio of 2.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The business's 50-day simple moving average is $16.66 and its 200-day simple moving average is $19.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm's revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. On average, research analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Insiders Place Their Bets

In other news, CFO Jay Wells purchased 10,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $17.91 per share, with a total value of $179,100.00. Following the transaction, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the transaction, the chief executive officer owned 110,000 shares of the company's stock, valued at $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock worth $25,000 after acquiring an additional 1,495 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust in the 1st quarter valued at $36,000. Whipplewood Advisors LLC boosted its stake in shares of Americold Realty Trust by 10,869.6% during the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock valued at $42,000 after purchasing an additional 2,500 shares in the last quarter. Parallel Advisors LLC increased its position in Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares during the period. Finally, Assetmark Inc. grew its position in shares of Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

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.

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