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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.60.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Americold Realty Trust by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after purchasing an additional 1,095,116 shares during the period. Norges Bank purchased a new position in Americold Realty Trust in the fourth quarter valued at about $677,077,000. Principal Financial Group Inc. grew its position in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after acquiring an additional 3,602,337 shares during the period. PGGM Investments purchased a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $114,436,000. Finally, Long Pond Capital LP bought a new stake in shares of Americold Realty Trust in the 1st quarter worth approximately $106,206,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.9 %

COLD stock opened at $29.97 on Friday. The stock’s 50 day simple moving average is $27.00 and its 200 day simple moving average is $26.00. The company has a market cap of $8.51 billion, a P/E ratio of -25.62, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. Americold Realty Trust has a fifty-two week low of $21.87 and a fifty-two week high of $33.90.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

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.