Americold Realty Trust (NYSE:COLD) Price Target Cut to $34.00 by Analysts at Royal Bank of Canada

Americold Realty Trust (NYSE:COLD) had its price target reduced by Royal Bank of Canada from $38.00 to $34.00 in a report published on Tuesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the company. Evercore ISI lowered their price target on Americold Realty Trust from $37.00 to $35.00 in a research note on Monday, October 9th. Barclays lifted their target price on Americold Realty Trust from $32.00 to $33.00 and gave the company an equal weight rating in a research report on Friday, August 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $34.21.

Americold Realty Trust Stock Down 2.8 %

Shares of COLD opened at $25.34 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.22. Americold Realty Trust has a 12 month low of $25.15 and a 12 month high of $33.90. The stock’s 50 day moving average is $29.71 and its two-hundred day moving average is $30.65. The firm has a market cap of $6.85 billion, a P/E ratio of -63.35, a PEG ratio of 1.59 and a beta of 0.57.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.47%. Americold Realty Trust’s dividend payout ratio is currently -220.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COLD. Covestor Ltd boosted its position in shares of Americold Realty Trust by 155.1% during the 2nd quarter. Covestor Ltd now owns 824 shares of the company’s stock worth $27,000 after acquiring an additional 501 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Americold Realty Trust by 273.3% in the 1st quarter. Parallel Advisors LLC now owns 1,120 shares of the company’s stock valued at $32,000 after buying an additional 820 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Americold Realty Trust in the 3rd quarter valued at approximately $33,000. Quarry LP acquired a new position in Americold Realty Trust during the first quarter worth $34,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Americold Realty Trust during the second quarter worth $35,000. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 242 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.