Americold Realty Trust (NYSE:COLD) Hits New 1-Year Low at $22.51

Americold Realty Trust, Inc. (NYSE:COLD)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $22.51 and last traded at $22.59, with a volume of 104317 shares trading hands. The stock had previously closed at $22.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COLD shares. Barclays dropped their price target on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 27th. Truist Financial raised shares of Americold Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. KeyCorp dropped their price target 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. Wells Fargo & Company assumed coverage on shares of Americold Realty Trust in a research report on Thursday. They issued an “equal weight” rating and a $24.00 price target on the stock. Finally, Scotiabank assumed 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 objective on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and an average price target of $30.33.

Americold Realty Trust Stock Performance

The firm’s 50 day moving average price is $24.99 and its 200-day moving average price is $27.10. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of -18.45, a P/E/G ratio of 2.01 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.94%. Americold Realty Trust’s payout ratio is -72.73%.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently bought and sold shares of the business. Seven Grand Managers LLC acquired a new stake in Americold Realty Trust during the first quarter worth $1,595,000. Norden Group LLC acquired a new stake in Americold Realty Trust during the first quarter worth $220,000. State of Alaska Department of Revenue boosted its stake in Americold Realty Trust by 5.6% during the first quarter. State of Alaska Department of Revenue now owns 135,202 shares of the company’s stock worth $3,368,000 after buying an additional 7,213 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Americold Realty Trust by 134.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,105,589 shares of the company’s stock worth $27,551,000 after buying an additional 633,335 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its stake in Americold Realty Trust by 42.0% during the first quarter. Capital Insight Partners LLC now owns 14,894 shares of the company’s stock worth $371,000 after buying an additional 4,408 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.