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

Americold Realty Trust, Inc. (NYSE:COLD – Get 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.