Americold Realty Trust (NYSE:COLD) Reaches New 52-Week Low – Here’s Why

Americold Realty Trust Inc. (NYSE:COLD) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $11.81 and last traded at $11.9620, with a volume of 2918333 shares trading hands. The stock had previously closed at $12.77.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Americold Realty Trust in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on shares of Americold Realty Trust from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Wells Fargo & Company lowered their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. KeyCorp lowered their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Finally, Zacks Research downgraded shares of Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.08.

Americold Realty Trust Stock Down 9.1%

The firm’s fifty day moving average price is $13.29 and its 200-day moving average price is $15.61. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -61.29, a P/E/G ratio of 4.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data 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 net margin of 2.09% and a negative return on equity of 1.68%. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue 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. Sell-side 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. Investors of record on Tuesday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 7.9%. Americold Realty Trust’s payout ratio is currently -484.21%.

Institutional Trading of Americold Realty Trust

Several institutional investors have recently modified their holdings of COLD. Caitong International Asset Management Co. Ltd grew its stake in shares of Americold Realty Trust by 49,833.3% in 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 last quarter. LRI Investments LLC grew its stake in shares of Americold Realty Trust by 90.4% in the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Americold Realty Trust in the first quarter worth $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after acquiring an additional 1,593 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

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.