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

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

Analysts Set New Price Targets

COLD has been the subject of several recent research reports. Truist Financial upgraded 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. Barclays decreased their target price 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. Royal Bank of Canada dropped their price objective on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company 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 report on Thursday, February 29th. Finally, KeyCorp decreased their price objective on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $31.13.

Americold Realty Trust Stock Performance

The firm has a market cap of $6.42 billion, a PE ratio of -18.66, a P/E/G ratio of 2.01 and a beta of 0.52. The stock has a 50-day moving average price of $25.09 and a 200 day moving average price of $27.13. 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 issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. Americold Realty Trust’s payout ratio is currently -72.73%.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of COLD. VisionPoint Advisory Group LLC lifted its stake in shares of Americold Realty Trust by 74.1% during the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Americold Realty Trust during the third quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new stake in Americold Realty Trust during the 4th quarter valued at $50,000. Principal Securities Inc. purchased a new stake in Americold Realty Trust during the 4th quarter worth $80,000. Finally, Signaturefd LLC lifted its holdings in Americold Realty Trust by 23.8% in the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock worth $84,000 after buying an additional 528 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.