Americold Realty Trust, Inc. (NYSE:COLD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $30.78.

Several research analysts have commented on COLD shares. Raymond James upgraded shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, February 29th. 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 report on Wednesday, February 28th. Scotiabank upgraded Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Wells Fargo & Company began coverage on shares of Americold Realty Trust in a research note on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target on the stock. Finally, KeyCorp lowered 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. VisionPoint Advisory Group LLC increased its position in Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Americold Realty Trust during the third quarter worth $33,000. GAMMA Investing LLC acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $50,000. Principal Securities Inc. acquired a new position in Americold Realty Trust in the fourth quarter valued at $80,000. Finally, Signaturefd LLC boosted its position in Americold Realty Trust by 24.0% during the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after acquiring an additional 659 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $25.49 on Friday. The firm has a 50 day moving average of $24.42 and a 200-day moving average of $26.54. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $33.90. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.24 billion, a PE ratio of -21.79, a PEG ratio of 1.81 and a beta of 0.60.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.22 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.45%. Americold Realty Trust’s dividend payout ratio is -75.21%.

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.