Americold Realty Trust (NYSE:COLD) Reaches New 1-Year Low on Analyst Downgrade

Americold Realty Trust, Inc. (NYSE:COLD)’s stock price hit a new 52-week low on Thursday after Royal Bank of Canada lowered their price target on the stock from $33.00 to $30.00. Royal Bank of Canada currently has an outperform rating on the stock. Americold Realty Trust traded as low as $21.82 and last traded at $21.82, with a volume of 435949 shares traded. The stock had previously closed at $22.35.

COLD has been the topic of a number of other research reports. Robert W. Baird cut their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Evercore ISI raised their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company upped their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Scotiabank increased their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, Barclays boosted their price target on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.73.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. lifted its position in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust during the third quarter worth about $55,000. Blue Trust Inc. increased its stake in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after purchasing an additional 2,891 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Americold Realty Trust in the second quarter worth about $85,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Trading Down 2.1 %

The company has a market cap of $6.22 billion, a P/E ratio of -22.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $26.96 and its 200-day moving average price is $26.85.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. As a group, equities research analysts expect that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s payout ratio is presently -87.13%.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.