Americold Realty Trust (NYSE:COLD) Price Target Raised to $16.00

Americold Realty Trust (NYSE:COLD) had its target price boosted by Scotiabank from $15.00 to $16.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have a sector perform rating on the stock.

Several other brokerages have also issued reports on COLD. Robert W. Baird set a $15.00 price target on shares of Americold Realty Trust in a report on Friday, May 8th. Royal Bank Of Canada set a $18.00 price objective on shares of Americold Realty Trust in a research note on Monday, August 10th. Citigroup raised their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. UBS Group boosted their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Barclays upped their price target on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.54.

Americold Realty Trust Stock Down 1.8%

Shares of NYSE COLD opened at $14.86 on Thursday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of -9.34 and a beta of 0.97. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $16.88. The stock has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $13.60.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. Americold Realty Trust’s dividend payout ratio is currently -57.86%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COLD. Ameriflex Group Inc. bought a new stake in Americold Realty Trust during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its stake in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after acquiring an additional 806 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after acquiring an additional 948 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Americold Realty Trust by 51.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Americold Realty Trust by 106.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock worth $36,000 after purchasing an additional 1,432 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.