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

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.13.

COLD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Americold Realty Trust from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, December 1st. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Thursday, February 29th. Barclays lowered 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. KeyCorp decreased their price objective on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Royal Bank of Canada lowered their target price on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th.

Americold Realty Trust Stock Up 0.6 %

COLD stock opened at $24.92 on Monday. Americold Realty Trust has a fifty-two week low of $24.31 and a fifty-two week high of $33.90. The stock has a market capitalization of $7.07 billion, a P/E ratio of -20.59, a P/E/G ratio of 2.14 and a beta of 0.53. The business has a 50-day moving average of $26.62 and a 200-day moving average of $28.08. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.53%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -72.73%.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Americold Realty Trust in the fourth quarter valued at approximately $677,077,000. Principal Financial Group Inc. increased its stake in shares of Americold Realty Trust by 36,753.5% in the fourth quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock worth $236,676,000 after buying an additional 7,797,617 shares during the period. FMR LLC boosted 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 buying an additional 6,234,868 shares during the period. Capital Research Global Investors grew its holdings in Americold Realty Trust by 30.4% in the 1st quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock worth $243,239,000 after acquiring an additional 2,034,178 shares during the last quarter. Finally, State Street Corp increased its position in shares of Americold Realty Trust by 17.1% in the first quarter. State Street Corp now owns 11,546,934 shares of the company’s stock valued at $324,412,000 after acquiring an additional 1,685,692 shares during the period. Hedge funds and other 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.