Americold Realty Trust, Inc. (NYSE:COLD) Given Average Recommendation of “Moderate Buy” by Brokerages

Americold Realty Trust, Inc. (NYSE:COLDGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.94.

Several analysts have recently weighed in on COLD shares. Bank of America upgraded Americold Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $27.50 to $33.50 in a report on Monday, November 14th. Royal Bank of Canada reduced their target price on Americold Realty Trust from $34.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday, October 19th. BNP Paribas began coverage on Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating and a $38.00 target price for the company. Finally, Exane BNP Paribas initiated coverage on Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating for the company.

Americold Realty Trust Trading Down 0.7 %

Shares of Americold Realty Trust stock opened at $31.18 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.14. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -283.45, a price-to-earnings-growth ratio of 3.46 and a beta of 0.46. The business has a fifty day simple moving average of $29.01 and a 200-day simple moving average of $28.68. Americold Realty Trust has a fifty-two week low of $21.49 and a fifty-two week high of $32.99.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, December 29th. Americold Realty Trust’s payout ratio is currently -800.00%.

Insiders Place Their Bets

In other Americold Realty Trust news, EVP James C. Snyder, Jr. sold 3,400 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $29.86, for a total value of $101,524.00. Following the transaction, the executive vice president now directly owns 36,812 shares of the company’s stock, valued at approximately $1,099,206.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Venture Visionary Partners LLC acquired a new position in Americold Realty Trust in the 2nd quarter worth about $27,000. Lazard Asset Management LLC acquired a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $26,000. Wipfli Financial Advisors LLC acquired a new position in shares of Americold Realty Trust during the 3rd quarter valued at about $45,000. SeaCrest Wealth Management LLC acquired a new position in shares of Americold Realty Trust during the 2nd quarter valued at about $69,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Americold Realty Trust by 144.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,363 shares of the company’s stock valued at $101,000 after acquiring an additional 1,986 shares during the last quarter. 98.98% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Americold Realty Trust (NYSE:COLD)

Receive News & Ratings for Americold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.