Americold Realty Trust, Inc. (NYSE:COLD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Americold Realty Trust, Inc. (NYSE:COLD) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $31.13.

COLD has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. Scotiabank initiated coverage on shares of Americold Realty Trust in a report on Wednesday, March 27th. They issued a “sector perform” rating and a $27.00 target price on the stock. Royal Bank of Canada dropped 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 report on Wednesday, February 28th. Truist Financial upgraded shares of Americold Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $35.00 in a report on Tuesday, January 16th. Finally, Raymond James upgraded shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, February 29th.

Americold Realty Trust Stock Down 1.4 %

Americold Realty Trust stock opened at $22.72 on Friday. The company has a market capitalization of $6.45 billion, a P/E ratio of -18.78, a P/E/G ratio of 2.05 and a beta of 0.52. The firm’s fifty day simple moving average is $25.38 and its 200-day simple moving average is $27.30. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a 1-year low of $22.59 and a 1-year high of $33.90.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.87%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -72.73%.

Institutional Trading of Americold Realty Trust

Institutional investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its position in shares of Americold Realty Trust by 21.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 481,328 shares of the company’s stock valued at $14,719,000 after acquiring an additional 86,136 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Americold Realty Trust by 5.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 37,000 shares of the company’s stock valued at $1,125,000 after acquiring an additional 1,941 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Americold Realty Trust by 14.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 555,543 shares of the company’s stock valued at $16,894,000 after acquiring an additional 72,197 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Americold Realty Trust by 56.7% in the third quarter. Envestnet Asset Management Inc. now owns 924,083 shares of the company’s stock valued at $28,101,000 after buying an additional 334,449 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Americold Realty Trust by 329.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 51,497 shares of the company’s stock valued at $1,566,000 after buying an additional 39,512 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.