This Once Red-Hot REIT Has Been Ice-Cold -- Can It Heat Back Up?
Americold Realty Trust (NYSE: COLD) burst onto the scene a few years ago. The cold-storage-focused real estate investment trust (REIT) went on a blistering run following its initial public offering (IPO) in 2018. The stock rose from its IPO price of $16 per share to more than $40 per share by the middle of 2020, a more than 125% surge.
However, the industrial REIT has cooled off considerably since then, falling more than 35% from its peak. Here's a look at what has been weighing on the stock and whether it can heat back up again.
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Source Fool.com
