Americold Realty Trust, Inc. (NYSE:COLD) Receives $31.13 Average Price Target from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.13.

Several brokerages have weighed in on COLD. KeyCorp lowered their price target on Americold Realty Trust from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Truist Financial raised shares of Americold Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, January 16th. Royal Bank of Canada decreased their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 28th. Raymond James upgraded shares of Americold Realty Trust from a "market perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Thursday, February 29th. Finally, Barclays cut their target price on Americold Realty Trust from $32.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 27th.

Americold Realty Trust Stock Up 0.5 %

COLD stock traded up $0.11 on Friday, hitting $22.84. 1,402,314 shares of the company's stock were exchanged, compared to its average volume of 2,390,055. The firm has a 50 day moving average price of $25.27 and a two-hundred day moving average price of $27.25. Americold Realty Trust has a 12-month low of $22.59 and a 12-month high of $33.90. The stock has a market cap of $6.49 billion, a P/E ratio of -18.88, a price-to-earnings-growth ratio of 2.03 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. Americold Realty Trust's dividend payout ratio is presently -72.73%.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently modified their holdings of COLD. VisionPoint Advisory Group LLC grew its position in Americold Realty Trust by 74.1% during the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Americold Realty Trust during the 3rd quarter worth about $33,000. Quarry LP purchased a new position in shares of Americold Realty Trust in the 1st quarter valued at about $34,000. GAMMA Investing LLC purchased a new position in shares of Americold Realty Trust in the 4th quarter valued at about $50,000. Finally, Principal Securities Inc. acquired a new position in Americold Realty Trust in the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

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.