Americold Realty Trust (NYSE:COLD) Hits New 12-Month Low - What's Next?

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.17 and last traded at $16.45, with a volume of 2487795 shares. The stock had previously closed at $16.57.

Wall Street Analysts Forecast Growth

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

Americold Realty Trust Stock Up 1.2%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $4.78 billion, a P/E ratio of -49.43, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The business's fifty day moving average is $18.60 and its two-hundred day moving average is $20.82.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $628.98 million during the quarter, compared to analysts' expectations of $667.18 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts predict that Americold Realty Trust, Inc. will post 1.47 EPS 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's payout ratio is -213.95%.

Insider Activity

In other news, CFO Jay Wells bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at approximately $179,100. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was purchased 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 of the company's stock, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the 4th quarter valued at approximately $25,000. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust during the first quarter worth $36,000. Parallel Advisors LLC grew its position in Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the period. Assetmark Inc. increased its holdings in Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock valued at $48,000 after buying an additional 2,033 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.