Americold Realty Trust (NYSE:COLD) Hits New 1-Year Low – Here’s Why

Shares of Americold Realty Trust Inc. (NYSE:COLD) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.47 and last traded at $10.4450, with a volume of 3524764 shares. The stock had previously closed at $10.81.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COLD shares. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. KeyCorp reduced their target price on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Zacks Research cut Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a report on Monday. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has a consensus rating of “Hold” and an average target price of $16.62.

Americold Realty Trust Price Performance

The firm has a market capitalization of $2.97 billion, a P/E ratio of -54.81, a P/E/G ratio of 4.00 and a beta of 0.84. The stock’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $15.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12.

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

Americold Realty Trust Announces Dividend

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 $0.23 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.8%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after purchasing an additional 1,495 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust during the first quarter worth $36,000. Assetmark Inc. grew its position in Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after buying an additional 826 shares during the period. Finally, LRI Investments LLC increased its holdings in Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.