Americold Realty Trust (NYSE:COLD) Sees Unusually-High Trading Volume – Time to Buy?

Americold Realty Trust, Inc. (NYSE:COLD) saw an uptick in trading volume on Thursday . 5,823,634 shares were traded during trading, an increase of 192% from the previous session’s volume of 1,995,654 shares.The stock last traded at $23.34 and had previously closed at $22.45.

Analysts Set New Price Targets

Several brokerages have commented on COLD. Truist Financial lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Royal Bank of Canada lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Scotiabank lowered their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Raymond James lowered their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Robert W. Baird lowered their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Price Performance

The firm has a fifty day moving average of $21.63 and a 200 day moving average of $24.55. The company has a market capitalization of $6.51 billion, a P/E ratio of -67.38, a P/E/G ratio of 1.66 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.22 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 3.84%. Americold Realty Trust’s payout ratio is -258.82%.

Insider Buying and Selling at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Large investors have recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Americold Realty Trust during the 4th quarter valued at approximately $25,000. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust during the 3rd quarter valued at approximately $55,000. Venturi Wealth Management LLC grew its stake in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after acquiring an additional 2,033 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Americold Realty Trust during the 4th quarter valued at approximately $86,000. 98.14% of the stock is currently owned by 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.