Americold Realty Trust (NYSE:COLD) Hits New 52-Week Low – What’s Next?

Americold Realty Trust Inc. (NYSE:COLD)’s share price hit a new 52-week low on Friday . The stock traded as low as $16.06 and last traded at $16.20, with a volume of 267220 shares. The stock had previously closed at $16.56.

Wall Street Analyst Weigh In

Several brokerages have 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 objective for the company. in a research note on Thursday, June 12th. KeyCorp dropped their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Robert W. Baird dropped their price objective on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Finally, Scotiabank reiterated 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Americold Realty Trust Stock Up 0.4%

The firm’s 50-day moving average price is $17.10 and its 200 day moving average price is $19.72. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of -38.67, a PEG ratio of 1.95 and a beta of 0.84. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. Americold Realty Trust’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared 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 dividend payout ratio (DPR) is presently -213.95%.

Insider Activity at Americold Realty Trust

In related news, CFO Jay Wells purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer owned 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the acquisition, the chief executive officer directly 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. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently added to or reduced their stakes in COLD. Raymond James Financial Inc. bought a new stake in Americold Realty Trust during the 4th quarter worth approximately $980,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Americold Realty Trust by 30.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 220,059 shares of the company’s stock worth $4,709,000 after acquiring an additional 51,002 shares during the last quarter. AGF Management Ltd. bought a new stake in Americold Realty Trust during the 4th quarter worth approximately $2,326,000. Moors & Cabot Inc. grew its holdings in Americold Realty Trust by 11.7% during the 4th quarter. Moors & Cabot Inc. now owns 20,150 shares of the company’s stock worth $431,000 after acquiring an additional 2,110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Americold Realty Trust by 3,946.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,868 shares of the company’s stock valued at $126,000 after purchasing an additional 5,723 shares during the last quarter. 98.14% of the stock is owned by 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.