Americold Realty Trust (NYSE:COLD) PT Lowered to $25.00 at Barclays

Americold Realty Trust (NYSE:COLD) had its price target decreased by Barclays from $32.00 to $25.00 in a research note released on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts have also recently issued reports on the company. Raymond James upgraded Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 price objective on the stock in a research report on Thursday, February 29th. KeyCorp decreased their target price 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. JPMorgan Chase & Co. cut their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set a neutral rating for the company in a research note on Friday, December 1st. Truist Financial upgraded Americold Realty Trust from a hold rating to a buy rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada lowered their price target on 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $31.13.

Americold Realty Trust Stock Up 0.6 %

NYSE COLD opened at $24.92 on Wednesday. Americold Realty Trust has a twelve month low of $24.31 and a twelve month high of $33.90. The stock has a market cap of $7.07 billion, a PE ratio of -20.59, a PEG ratio of 2.14 and a beta of 0.53. The firm has a 50-day simple moving average of $26.62 and a 200 day simple moving average of $28.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, March 27th. Americold Realty Trust’s payout ratio is presently -72.73%.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COLD. Raymond James Financial Services Advisors Inc. increased its stake in shares of Americold Realty Trust by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,214 shares of the company’s stock valued at $341,000 after buying an additional 1,370 shares during the period. Bank of Montreal Can increased its position in Americold Realty Trust by 4.0% in the first quarter. Bank of Montreal Can now owns 70,576 shares of the company’s stock worth $1,970,000 after purchasing an additional 2,715 shares during the period. MetLife Investment Management LLC acquired a new stake in Americold Realty Trust in the first quarter worth about $149,000. Great West Life Assurance Co. Can raised its holdings in Americold Realty Trust by 2.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 227,009 shares of the company’s stock worth $6,570,000 after purchasing an additional 5,684 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Americold Realty Trust by 29.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,735,991 shares of the company’s stock valued at $76,279,000 after purchasing an additional 619,710 shares during the period. Institutional investors and hedge funds 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.