Americold Realty Trust (NYSE:COLD) Hits New 12-Month Low - Here's Why

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report)'s share price reached 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 changing hands. The stock had previously closed at $16.56.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COLD. BNP Paribas Exane cut 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 research note on Thursday, June 12th. Robert W. Baird lowered their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $24.00 to $21.00 in a research report on Monday, June 23rd. Citigroup decreased their price target on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price objective 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 given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Americold Realty Trust Stock Performance

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $19.71. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -38.06, a PEG ratio of 1.95 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The company had revenue of $628.98 million for the quarter, compared to analysts' expectations of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 5.62%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is -213.95%.

Insider Buying and Selling at Americold Realty Trust

In related news, CFO Jay Wells acquired 10,000 shares of the company's stock in a transaction dated 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 purchase, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer directly owned 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. Corporate insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Americold Realty Trust during the 4th quarter valued at $25,000. GKV Capital Management Co. Inc. acquired a new position in Americold Realty Trust in the first quarter valued at $36,000. Parallel Advisors LLC boosted its holdings in Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares during the last quarter. Assetmark Inc. grew its position in Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares during the period. Finally, Avalon Trust Co acquired a new stake in Americold Realty Trust during the first quarter worth about $49,000. Institutional investors and hedge funds own 98.14% of the company's stock.

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.