Americold Realty Trust (NYSE:COLD) Lifted to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Americold Realty Trust (NYSE:COLD) from a neutral rating to an overweight rating in a research report released on Wednesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $30.00 price target on the stock.

Several other research firms also recently commented on COLD. Scotiabank upgraded Americold Realty Trust from a sector perform rating to a sector outperform rating and raised their target price for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. Raymond James upgraded 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. Royal Bank of Canada reduced 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. KeyCorp cut their price target 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, Wells Fargo & Company started coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They issued an equal weight rating and a $24.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $30.56.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $25.53 on Wednesday. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of -21.82, a PEG ratio of 1.81 and a beta of 0.60. Americold Realty Trust has a one year low of $21.87 and a one year high of $33.90. The business has a fifty day simple moving average of $24.79 and a 200 day simple moving average of $26.34. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.22 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.45%. Americold Realty Trust’s payout ratio is presently -75.21%.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lasalle Investment Management Securities LLC bought a new position in Americold Realty Trust in the first quarter valued at about $27,996,000. Westwood Holdings Group Inc. grew its holdings in shares of Americold Realty Trust by 24.0% during the first quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock worth $27,053,000 after purchasing an additional 209,942 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Americold Realty Trust in the first quarter valued at approximately $350,000. Swedbank AB bought a new position in Americold Realty Trust in the 1st quarter valued at approximately $9,495,000. Finally, Walleye Trading LLC acquired a new position in Americold Realty Trust in the 1st quarter valued at approximately $249,000. 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.