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

Key Points

• Americold Realty Trust's stock has reached a new 12-month low, trading as low as $14.15, with a current price of $14.29.
• Brokerages have recently downgraded the stock's ratings and price targets, with JPMorgan reducing its price target from $24.00 to $21.00, while Barclays lowered theirs from $21.00 to $20.00.
• The company reported earnings of $0.36 per share for the most recent quarter, exceeding analyst expectations, despite a 1.5% decline in revenue compared to the same quarter last year.

Shares of Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.15 and last traded at $14.29, with a volume of 372786 shares traded. The stock had previously closed at $14.44.

Analyst Ratings Changes

Several brokerages have recently issued reports on COLD. BNP Paribas Exane downgraded shares of 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. Royal Bank Of Canada lowered their price target on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 18th. Truist Financial decreased their price target on shares of Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Barclays decreased their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Finally, Robert W. Baird dropped their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.09.

Americold Realty Trust Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $3.97 billion, a P/E ratio of -73.44, a price-to-earnings-growth ratio of 4.31 and a beta of 0.84. The company's 50 day moving average price is $15.61 and its 200-day moving average price is $18.04.

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

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 6.6%. Americold Realty Trust's dividend payout ratio is presently -484.21%.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors have recently added to or reduced their stakes in COLD. Norges Bank purchased a new stake in Americold Realty Trust during the second quarter valued at about $206,317,000. Massachusetts Financial Services Co. MA raised its stake in Americold Realty Trust by 649.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company's stock valued at $89,247,000 after purchasing an additional 3,603,716 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Americold Realty Trust by 1,567.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,960,873 shares of the company's stock worth $63,541,000 after acquiring an additional 2,783,264 shares in the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of Americold Realty Trust by 78.2% during the second quarter. Lasalle Investment Management Securities LLC now owns 6,212,971 shares of the company's stock worth $103,322,000 after acquiring an additional 2,726,809 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Americold Realty Trust in the first quarter worth approximately $33,751,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.