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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.13.

A number of analysts have recently commented on the company. Scotiabank assumed coverage on Americold Realty Trust in a research report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 target price on the stock. KeyCorp dropped their price target on 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. 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 report on Thursday, February 29th. Barclays dropped their price target on 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. Finally, Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th.

Americold Realty Trust Stock Down 1.4 %

COLD opened at $22.72 on Friday. The business’s 50-day simple moving average is $25.38 and its 200-day simple moving average is $27.30. 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 has a one year low of $22.59 and a one year high of $33.90. The stock has a market capitalization of $6.45 billion, a P/E ratio of -18.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is presently -72.73%.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently added to or reduced their stakes in COLD. Raymond James Financial Services Advisors Inc. boosted its holdings in Americold Realty Trust by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,214 shares of the company’s stock valued at $341,000 after purchasing an additional 1,370 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Americold Realty Trust by 4.0% during the 1st quarter. Bank of Montreal Can now owns 70,576 shares of the company’s stock worth $1,970,000 after acquiring an additional 2,715 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Americold Realty Trust during the 1st quarter worth approximately $149,000. Great West Life Assurance Co. Can boosted its stake in shares of Americold Realty Trust by 2.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 227,009 shares of the company’s stock worth $6,570,000 after acquiring an additional 5,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Americold Realty Trust by 29.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,735,991 shares of the company’s stock worth $76,279,000 after acquiring an additional 619,710 shares in the last quarter. Hedge funds and other institutional investors 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.