Americold Realty Trust (NYSE:COLD) Reaches New 12-Month Low - Should You Sell?

Shares of Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $16.06 and last traded at $16.20, with a volume of 267220 shares traded. The stock had previously closed at $16.56.

Wall Street Analysts Forecast Growth

COLD has been the subject of several recent research reports. BNP Paribas Exane cut shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Thursday, June 12th. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Wells Fargo & Company lowered their target price on 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. Robert W. Baird dropped their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Scotiabank restated a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Americold Realty Trust Stock Up 0.4%

The stock has a market cap of $4.73 billion, a P/E ratio of -38.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The firm has a 50 day simple moving average of $17.10 and a 200-day simple moving average of $19.73. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The business had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same quarter last year, the company posted $0.37 EPS. The firm's revenue was down 5.4% on a year-over-year basis. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's payout ratio is -213.95%.

Insider Transactions at Americold Realty Trust

In other news, CFO Jay Wells bought 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer owned 10,000 shares in the company, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were 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 owned 110,000 shares in the company, 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Americold Realty Trust by 26.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,993 shares of the company's stock worth $354,000 after buying an additional 4,406 shares in the last quarter. Gallacher Capital Management LLC acquired a new stake in Americold Realty Trust in the 2nd quarter worth about $510,000. Pensionfund DSM Netherlands boosted its holdings in Americold Realty Trust by 61.1% in the 2nd quarter. Pensionfund DSM Netherlands now owns 58,000 shares of the company's stock valued at $965,000 after purchasing an additional 22,000 shares during the period. Pensionfund Sabic bought a new stake in Americold Realty Trust in the 1st quarter valued at about $412,000. Finally, Voya Investment Management LLC grew its position in shares of Americold Realty Trust by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 35,512 shares of the company's stock worth $762,000 after purchasing an additional 1,001 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.