Americold Realty Trust, Inc. (NYSE:COLD) Receives $30.60 Average Target Price from Analysts

Americold Realty Trust, Inc. (NYSE:COLD) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.60.

COLD has been the subject of a number of analyst reports. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Wells Fargo & Company started coverage on Americold Realty Trust in a research report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 target price for the company. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Wednesday, June 26th. Wolfe Research raised Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Monday, July 1st. Finally, Barclays increased their price objective on shares of Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Americold Realty Trust during the fourth quarter worth about $3,169,000. Asset Management One Co. Ltd. raised its position in shares of Americold Realty Trust by 21.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 481,328 shares of the company’s stock worth $14,719,000 after acquiring an additional 86,136 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Americold Realty Trust by 150.9% in the fourth quarter. BNP Paribas Financial Markets now owns 148,201 shares of the company’s stock worth $4,486,000 after acquiring an additional 89,135 shares during the period. New York Life Investment Management LLC boosted its holdings in Americold Realty Trust by 671.9% in the fourth quarter. New York Life Investment Management LLC now owns 92,920 shares of the company’s stock valued at $2,813,000 after acquiring an additional 80,882 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Americold Realty Trust by 28.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,192 shares of the company’s stock valued at $5,757,000 after purchasing an additional 42,200 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $26.18 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of -22.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.59. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $33.90. The company has a 50-day simple moving average of $25.29 and a two-hundred day simple moving average of $26.11.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.36%. Americold Realty Trust’s payout ratio is presently -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.