Americold Realty Trust (NYSE:COLD) Stock Price Down 3.4% – What’s Next?

Americold Realty Trust Inc. (NYSE:COLD) dropped 3.4% on Thursday . The company traded as low as $12.24 and last traded at $12.1960. Approximately 867,824 shares were traded during mid-day 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 brokerages have issued reports on COLD. Robert W. Baird reiterated a “neutral” rating and set a $13.00 price objective (down from $16.00) on shares of Americold Realty Trust in a research note on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Americold Realty Trust in a research report on Monday. Citigroup lowered their price objective on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Wall Street Zen cut shares of Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, KeyCorp lowered their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.92.

Americold Realty Trust Price Performance

The business has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $14.15. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of -56.11, a P/E/G ratio of 3.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The firm had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. During the same quarter last year, the business posted $0.35 EPS. The company’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. Equities research analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

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

Institutional Trading of Americold Realty Trust

A number of institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after buying an additional 1,495 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 valued at $27,000 after buying an additional 806 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust during the first quarter worth about $36,000. LRI Investments LLC lifted its stake in 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 acquiring an additional 1,026 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after buying an additional 1,593 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.