Americold Realty Trust, Inc. (NYSE:COLD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $33.94.

Several equities research analysts have recently weighed in on COLD shares. Barclays raised shares of Americold Realty Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $30.00 to $32.00 in a research note on Thursday, March 23rd. Royal Bank of Canada raised shares of Americold Realty Trust from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Monday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Americold Realty Trust from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 5th.

Institutional Trading of Americold Realty Trust

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in Americold Realty Trust in the 3rd quarter worth approximately $26,000. Ellevest Inc. boosted its stake in Americold Realty Trust by 402.6% in the 4th quarter. Ellevest Inc. now owns 980 shares of the company’s stock worth $28,000 after purchasing an additional 785 shares in the last quarter. Parallel Advisors LLC boosted its stake in Americold Realty Trust by 273.3% in the 1st quarter. Parallel Advisors LLC now owns 1,120 shares of the company’s stock worth $32,000 after purchasing an additional 820 shares in the last quarter. Quarry LP purchased a new position in Americold Realty Trust during the 1st quarter worth approximately $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Americold Realty Trust during the 4th quarter worth approximately $46,000. 98.98% of the stock is currently owned by institutional investors.

Americold Realty Trust Trading Up 0.6 %

Shares of COLD opened at $29.67 on Friday. Americold Realty Trust has a twelve month low of $21.49 and a twelve month high of $32.99. The company has a market cap of $8.02 billion, a P/E ratio of -1,483.50, a P/E/G ratio of 2.82 and a beta of 0.50. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $28.80 and its 200-day simple moving average is $29.31.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, June 29th. Americold Realty Trust’s dividend payout ratio is currently -4,400.00%.

Americold Realty Trust Company Profile

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Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.