Americold Realty Trust, Inc. (NYSE:COLD) Receives $31.13 Average PT from Brokerages

Americold Realty Trust, Inc. (NYSE:COLD) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.13.

A number of equities research analysts have commented on the stock. KeyCorp dropped their price objective on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Royal Bank of Canada dropped their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Barclays decreased their price target on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Thursday, February 29th. Finally, Scotiabank initiated coverage on shares of Americold Realty Trust in a research note on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 price target on the stock.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. VisionPoint Advisory Group LLC lifted its stake in shares of Americold Realty Trust by 74.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. Clearstead Advisors LLC purchased a new position in Americold Realty Trust during the third quarter worth about $33,000. Quarry LP acquired a new stake in Americold Realty Trust in the first quarter valued at about $34,000. GAMMA Investing LLC purchased a new stake in Americold Realty Trust in the 4th quarter valued at approximately $50,000. Finally, Principal Securities Inc. acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $80,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

Shares of Americold Realty Trust stock opened at $22.84 on Friday. The business has a 50-day simple moving average of $25.27 and a 200-day simple moving average of $27.23. The company has a market cap of $6.49 billion, a PE ratio of -18.88, a P/E/G ratio of 2.02 and a beta of 0.52. Americold Realty Trust has a one year low of $22.59 and a one year high of $33.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is currently -72.73%.

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 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.