Americold Realty Trust (NYSE:COLD) Hits New 12-Month Low Following Analyst Downgrade

Shares of Americold Realty Trust Inc. (NYSE:COLD) reached a new 52-week low during mid-day trading on Wednesday after Scotiabank lowered their price target on the stock from $14.00 to $12.00. Scotiabank currently has a sector perform rating on the stock. Americold Realty Trust traded as low as $11.21 and last traded at $11.35, with a volume of 6865409 shares changing hands. The stock had previously closed at $11.29.

A number of other research firms also recently issued reports on COLD. Wall Street Zen downgraded shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Wells Fargo & Company cut their target price on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Zacks Research lowered Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Evercore ISI reissued an “in-line” rating and issued a $13.00 price target (down previously from $19.00) on shares of Americold Realty Trust in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $15.00 target price (down from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Americold Realty Trust presently has a consensus rating of “Hold” and an average price target of $16.85.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Xponance Inc. grew its position in Americold Realty Trust by 4.5% in the 1st quarter. Xponance Inc. now owns 13,561 shares of the company’s stock valued at $291,000 after buying an additional 581 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Americold Realty Trust by 7.3% in the second quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock valued at $155,000 after acquiring an additional 633 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Americold Realty Trust by 1.9% during the second quarter. Janney Montgomery Scott LLC now owns 33,568 shares of the company’s stock valued at $558,000 after acquiring an additional 634 shares during the period. Signaturefd LLC raised its holdings in Americold Realty Trust by 16.9% during the first quarter. Signaturefd LLC now owns 4,431 shares of the company’s stock worth $95,000 after purchasing an additional 640 shares in the last quarter. Finally, GC Wealth Management RIA LLC lifted its position in Americold Realty Trust by 5.9% in the second quarter. GC Wealth Management RIA LLC now owns 12,095 shares of the company’s stock worth $201,000 after purchasing an additional 679 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Price Performance

The business has a 50-day simple moving average of $13.01 and a two-hundred day simple moving average of $15.32. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -58.24, a P/E/G ratio of 4.00 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The company had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, research analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 8.3%. Americold Realty Trust’s dividend payout ratio (DPR) is -418.18%.

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.