Americold Realty Trust Inc. (NYSE:COLD) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Americold Realty Trust has a consensus “Hold” rating from 16 analysts: four recommend selling, eight advise holding, and four rate the stock a buy. The average 12-month price target is $15.54.
• Shares opened at $14.86, near the analyst consensus target, with a 12-month range of $10.10 to $16.88. Recent analyst targets range from $15 to $19, including Evercore’s “outperform” rating and $19 target.
• The company pays a quarterly dividend of $0.23 per share, or $0.92 annually, representing a 6.2% yield. Institutional investors own 98.14% of the stock.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) has been given an average rating of "Hold" by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.5357.

COLD has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price target on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Evercore restated an "outperform" rating and set a $19.00 price target on shares of Americold Realty Trust in a research report on Friday, August 7th. Finally, Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a report on Friday, May 8th.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock worth $27,000 after purchasing an additional 806 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Americold Realty Trust in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of Americold Realty Trust by 252.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock valued at $37,000 after buying an additional 1,593 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company's stock valued at $30,000 after buying an additional 948 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company's stock worth $36,000 after buying an additional 942 shares during the period. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Trading Down 0.2%

Shares of NYSE:COLD opened at $14.86 on Monday. Americold Realty Trust has a 12-month low of $10.10 and a 12-month high of $16.88. The company has a market capitalization of $4.24 billion, a PE ratio of -9.34 and a beta of 0.97. The business has a 50 day moving average of $14.97 and a two-hundred day moving average of $13.61. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.2%. Americold Realty Trust's dividend payout ratio (DPR) is -57.86%.

About Americold Realty Trust

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.

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