Americold Realty Trust (NYSE:COLD) Hits New 12-Month Low at $24.02

Americold Realty Trust, Inc. (NYSE:COLDGet Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $24.02 and last traded at $24.08, with a volume of 103326 shares traded. The stock had previously closed at $24.48.

Analysts Set New Price Targets

Several analysts recently weighed in on COLD shares. Scotiabank started coverage on 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. KeyCorp cut their price target on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Royal Bank of Canada cut their price target on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Thursday, February 29th. Finally, Barclays cut their target price on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Check Out Our Latest Research Report on COLD

Americold Realty Trust Price Performance

The firm has a fifty day moving average price of $26.33 and a two-hundred day moving average price of $27.86. The stock has a market capitalization of $6.71 billion, a P/E ratio of -19.54, a PEG ratio of 2.12 and a beta of 0.52. 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.72%. Americold Realty Trust’s payout ratio is -72.73%.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Americold Realty Trust by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 38,331,418 shares of the company’s stock valued at $1,160,292,000 after buying an additional 1,071,074 shares during the period. Goldman Sachs Group Inc. raised its holdings in Americold Realty Trust by 61.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,020,747 shares of the company’s stock worth $61,168,000 after purchasing an additional 767,264 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Americold Realty Trust by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 129,150 shares of the company’s stock worth $3,910,000 after purchasing an additional 9,967 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Americold Realty Trust by 23.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 55,500 shares of the company’s stock worth $1,680,000 after purchasing an additional 10,500 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Americold Realty Trust in the 4th quarter worth $325,000. 98.14% of the stock is owned by institutional investors.

About Americold Realty Trust

(Get Free Report)

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.

Featured Stories

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.