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

Key Points

• Americold Realty Trust's share price recently hit a 52-week low of $16.00, with a last traded price of $16.15, reflecting concerns in the market.
• Several analysts have downgraded the stock, with price targets ranging from $18.00 to $23.00, indicating a "Moderate Buy" consensus rating.
• The firm recently announced a dividend of $0.23 per share, yielding 5.70%, although the payout ratio is significantly negative at -213.95%.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $16.00 and last traded at $16.15, with a volume of 2191824 shares. The stock had previously closed at $16.62.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Scotiabank reiterated a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a report on Thursday, May 15th. Robert W. Baird lowered 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 report on Friday, May 16th. Barclays lowered their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.92.

Americold Realty Trust Trading Down 2.0%

The company has a market cap of $4.49 billion, a P/E ratio of -36.69, a PEG ratio of 2.45 and a beta of 0.84. The stock's 50 day moving average is $16.71 and its 200-day moving average is $19.26. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19.

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 (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $628.98 million for the quarter, compared to the consensus estimate of $667.18 million. Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. Americold Realty Trust's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. Research analysts anticipate that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's dividend payout ratio is -213.95%.

Insider Activity at Americold Realty Trust

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

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd grew its holdings in Americold Realty Trust by 544.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 221,879 shares of the company's stock valued at $3,690,000 after buying an additional 187,448 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock valued at $42,000 after buying an additional 2,500 shares in the last quarter. AlphaQuest LLC grew its holdings in Americold Realty Trust by 7.3% during the 2nd quarter. AlphaQuest LLC now owns 9,334 shares of the company's stock valued at $155,000 after buying an additional 633 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Americold Realty Trust by 46.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company's stock valued at $62,470,000 after buying an additional 1,182,707 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $25,000 after buying an additional 1,495 shares in 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.