Americold Realty Trust (NYSE:COLD) Reaches New 12-Month Low – Here’s Why

Americold Realty Trust, Inc. (NYSE:COLD) shares hit a new 52-week low during trading on Thursday . The company traded as low as $20.07 and last traded at $20.42, with a volume of 324235 shares traded. The stock had previously closed at $21.47.

Analysts Set New Price Targets

Several analysts have commented on COLD shares. Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Truist Financial reduced their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Scotiabank upped their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 10th. Finally, Citigroup decreased their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.82.

Americold Realty Trust Trading Down 5.2 %

The firm has a market cap of $5.79 billion, a price-to-earnings ratio of -59.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The company’s 50-day moving average price is $21.82 and its 200-day moving average price is $23.36. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Equities analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.52%. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds have recently modified their holdings of COLD. Y Intercept Hong Kong Ltd raised its holdings in Americold Realty Trust by 139.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after acquiring an additional 35,973 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Americold Realty Trust by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,155,686 shares of the company’s stock valued at $88,932,000 after purchasing an additional 255,632 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Americold Realty Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company’s stock valued at $26,237,000 after purchasing an additional 29,580 shares during the last quarter. AGF Management Ltd. purchased a new position in Americold Realty Trust during the fourth quarter worth approximately $2,326,000. Finally, TCW Group Inc. boosted its stake in Americold Realty Trust by 21.6% during the fourth quarter. TCW Group Inc. now owns 80,892 shares of the company’s stock worth $1,731,000 after buying an additional 14,386 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.