Americold Realty Trust (NYSE:COLD) Hits New 1-Year Low - What's Next?

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $11.97 and last traded at $12.45, with a volume of 7558083 shares. The stock had previously closed at $12.14.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COLD. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Thursday, June 12th. KeyCorp cut their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Zacks Research downgraded shares of Americold Realty Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Finally, Evercore ISI cut their price target on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $19.25.

Americold Realty Trust Price Performance

The firm's 50-day moving average price is $14.50 and its two-hundred day moving average price is $16.97. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.55 billion, a PE ratio of -65.53, a PEG ratio of 3.84 and a beta of 0.85.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The company had revenue of $650.75 million during the quarter, compared to analysts' expectations of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -484.21%.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $354,000. GAMMA Investing LLC lifted its position in shares of Americold Realty Trust by 11,560.8% during the 1st quarter. GAMMA Investing LLC now owns 138,181 shares of the company's stock worth $2,965,000 after buying an additional 136,996 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after buying an additional 847 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Americold Realty Trust during the 1st quarter worth approximately $229,000. Finally, Fulton Bank N.A. raised its position in Americold Realty Trust by 10.2% in the 1st quarter. Fulton Bank N.A. now owns 29,354 shares of the company's stock valued at $630,000 after purchasing an additional 2,712 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.