Americold Realty Trust (NYSE:COLD) Sets New 12-Month Low at $23.40

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $23.40 and last traded at $23.41, with a volume of 1655547 shares changing hands. The stock had previously closed at $23.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COLD. Barclays dropped their price target on Americold Realty Trust from $32.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $34.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Scotiabank began coverage on Americold Realty Trust in a report on Wednesday, March 27th. They issued a "sector perform" rating and a $27.00 price objective for the company. Truist Financial upgraded Americold Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $31.00 to $35.00 in a report on Tuesday, January 16th. Finally, Raymond James upgraded Americold Realty Trust from a "market perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Americold Realty Trust Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17. The company has a 50 day moving average price of $25.67 and a 200 day moving average price of $27.41. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of -19.38, a P/E/G ratio of 2.11 and a beta of 0.52.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. Americold Realty Trust's dividend payout ratio is presently -72.73%.

Institutional Trading of Americold Realty Trust

Several large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its position in Americold Realty Trust by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,214 shares of the company's stock valued at $341,000 after acquiring an additional 1,370 shares in the last quarter. Bank of Montreal Can lifted its position in Americold Realty Trust by 4.0% in the 1st quarter. Bank of Montreal Can now owns 70,576 shares of the company's stock valued at $1,970,000 after acquiring an additional 2,715 shares in the last quarter. MetLife Investment Management LLC bought a new position in Americold Realty Trust in the 1st quarter valued at about $149,000. Great West Life Assurance Co. Can lifted its position in Americold Realty Trust by 2.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 227,009 shares of the company's stock valued at $6,570,000 after acquiring an additional 5,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Americold Realty Trust by 29.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,735,991 shares of the company's stock valued at $76,279,000 after acquiring an additional 619,710 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.