Americold Realty Trust (NYSE:COLD) Stock Price Down 8.8% – Time to Sell?

Shares of Americold Realty Trust, Inc. (NYSE:COLD) dropped 8.8% on Thursday . The company traded as low as $23.04 and last traded at $23.04. Approximately 847,853 shares were traded during trading, a decline of 61% from the average daily volume of 2,154,646 shares. The stock had previously closed at $25.26.

Wall Street Analyst Weigh In

COLD has been the subject of several recent research reports. Evercore ISI upped their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial upped their price target on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Scotiabank raised their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Barclays upped their target price on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company boosted their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.91.

Americold Realty Trust Trading Down 1.8 %

The firm’s 50 day moving average is $27.35 and its 200 day moving average is $26.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $6.47 billion, a PE ratio of -22.53, a PEG ratio of 1.71 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. During the same quarter last year, the business posted $0.28 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. 1832 Asset Management L.P. increased its holdings in shares of Americold Realty Trust by 9.2% in the 1st quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock worth $10,922,000 after buying an additional 36,811 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in Americold Realty Trust by 100.3% during the first quarter. Centersquare Investment Management LLC now owns 1,798,751 shares of the company’s stock worth $44,825,000 after purchasing an additional 900,815 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Americold Realty Trust by 14.2% in the 1st quarter. Sei Investments Co. now owns 1,627,556 shares of the company’s stock worth $40,559,000 after purchasing an additional 201,911 shares in the last quarter. Swiss National Bank increased its position in shares of Americold Realty Trust by 5.1% during the 1st quarter. Swiss National Bank now owns 559,700 shares of the company’s stock valued at $13,948,000 after purchasing an additional 27,100 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Americold Realty Trust during the 1st quarter valued at about $1,401,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

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.