Americold Realty Trust (NYSE:COLD) Sets New 12-Month Low at $22.05

Shares of Americold Realty Trust, Inc. (NYSE:COLD) reached a new 52-week low on Tuesday . The stock traded as low as $22.05 and last traded at $22.16, with a volume of 58033 shares traded. The stock had previously closed at $22.39.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COLD. Wells Fargo & Company started coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price objective on the stock. Barclays reduced 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. Raymond James upgraded shares of 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. KeyCorp reduced 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. Finally, Royal Bank of Canada reduced their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Four 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

Americold Realty Trust Price Performance

The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13. The stock has a market cap of $6.28 billion, a P/E ratio of -18.25, a PEG ratio of 1.96 and a beta of 0.52. The firm’s fifty day moving average price is $24.69 and its 200-day moving average price is $26.95.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.98%. The ex-dividend date was Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -72.73%.

Institutional Trading of Americold Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Americold Realty Trust in the 4th quarter worth approximately $677,077,000. Principal Financial Group Inc. boosted its stake in Americold Realty Trust by 36,753.5% in the 4th quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock worth $236,676,000 after purchasing an additional 7,797,617 shares in the last quarter. FMR LLC grew its position in Americold Realty Trust by 76,044.2% during the 3rd quarter. FMR LLC now owns 6,243,067 shares of the company’s stock valued at $189,852,000 after purchasing an additional 6,234,868 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Americold Realty Trust in the third quarter worth about $40,526,000. Finally, Vanguard Group Inc. lifted its stake in shares of Americold Realty Trust by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 38,331,418 shares of the company’s stock worth $1,160,292,000 after buying an additional 1,071,074 shares in the last quarter. 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.