Americold Realty Trust (NYSE:COLD) Shares Down 3.4% – Should You Sell?

Americold Realty Trust Inc. (NYSE:COLD) dropped 3.4% during mid-day trading on Thursday . The company traded as low as $12.24 and last traded at $12.1960. Approximately 867,824 shares changed hands during trading, a decline of 79% from the average daily volume of 4,213,388 shares. The stock had previously closed at $12.63.

Analysts Set New Price Targets

A number of analysts have commented on COLD shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Americold Realty Trust in a report on Monday. UBS Group decreased their price objective on Americold Realty Trust from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Wells Fargo & Company lowered their price objective on shares of Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Barclays reduced their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.92.

Americold Realty Trust Trading Down 2.1%

The firm has a market capitalization of $3.52 billion, a PE ratio of -56.11, a price-to-earnings-growth ratio of 3.96 and a beta of 0.96. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $14.15.

Americold Realty Trust (NYSE:COLD) last announced 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. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The firm had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, sell-side analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio is presently -418.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Americold Realty Trust by 49,833.3% during the second 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. LRI Investments LLC increased its holdings in Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after buying an additional 1,026 shares during the period. Geneos Wealth Management Inc. raised its position in Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the last quarter. Avalon Trust Co acquired a new stake in Americold Realty Trust during the 3rd quarter valued at approximately $32,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust in the 1st quarter valued at $36,000. 98.14% of the stock is owned by institutional investors and hedge funds.

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.