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

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

COLD has been the topic of several other reports. Royal Bank of Canada dropped 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. Raymond James raised Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 price target on the stock in a research report on Thursday, February 29th. Truist Financial raised Americold Realty Trust from a hold rating to a buy rating and upped their price target for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. KeyCorp dropped their price target on 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. Finally, JPMorgan Chase & Co. dropped their target price on 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Americold Realty Trust presently has an average rating of Moderate Buy and an average target price of $31.13.

Americold Realty Trust Stock Performance

COLD stock opened at $24.77 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. The firm has a market cap of $7.03 billion, a P/E ratio of -20.47, a P/E/G ratio of 2.14 and a beta of 0.53. Americold Realty Trust has a 12-month low of $24.31 and a 12-month high of $33.90. The stock’s 50 day simple moving average is $26.79 and its 200 day simple moving average is $28.16.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Wednesday, March 27th. Americold Realty Trust’s dividend payout ratio is presently -72.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COLD. Norges Bank bought a new position in shares of Americold Realty Trust in the fourth quarter worth $677,077,000. Principal Financial Group Inc. grew 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 purchasing an additional 7,797,617 shares in the last quarter. FMR LLC grew its stake in shares of Americold Realty Trust by 76,044.2% in the third quarter. FMR LLC now owns 6,243,067 shares of the company’s stock worth $189,852,000 after purchasing an additional 6,234,868 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Americold Realty Trust by 30.4% in the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock worth $243,239,000 after purchasing an additional 2,034,178 shares in the last quarter. Finally, State Street Corp grew its stake 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 worth $324,412,000 after purchasing an additional 1,685,692 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

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.