Americold Realty Trust (NYSE:COLD) Sets New 12-Month Low After Analyst Downgrade

Americold Realty Trust, Inc. (NYSE:COLD) 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 several other research reports. Scotiabank lifted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. 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 research report on Monday, October 28th. Finally, Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.73.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COLD. Adelante Capital Management LLC grew its stake in Americold Realty Trust by 134.7% in the 3rd quarter. Adelante Capital Management LLC now owns 60,651 shares of the company’s stock valued at $1,715,000 after buying an additional 34,807 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Americold Realty Trust by 27.2% during the third quarter. Captrust Financial Advisors now owns 18,545 shares of the company’s stock valued at $524,000 after acquiring an additional 3,969 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of Americold Realty Trust in the third quarter valued at about $261,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Americold Realty Trust by 2.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company’s stock worth $53,367,000 after purchasing an additional 47,795 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Americold Realty Trust by 39.3% in the third quarter. Quantbot Technologies LP now owns 145,956 shares of the company’s stock worth $4,126,000 after purchasing an additional 41,178 shares during the period. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Stock Down 2.8 %

The firm has a 50-day moving average of $26.96 and a two-hundred day moving average of $26.85. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of -21.51, a PEG ratio of 1.78 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) 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 analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. As a group, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is currently -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.