Americold Realty Trust (NYSE:COLD) Upgraded by Scotiabank to Sector Outperform

Scotiabank upgraded shares of Americold Realty Trust (NYSE:COLD - Free Report) from a sector perform rating to a sector outperform rating in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage currently has $30.00 price objective on the stock, up from their previous price objective of $27.00.

COLD has been the subject of a number of other research reports. Barclays dropped their price objective on shares of Americold Realty Trust from $32.00 to $25.00 and set an equal weight rating for the company in a report on Wednesday, March 27th. Wells Fargo & Company initiated coverage on shares of Americold Realty Trust in a report on Thursday, April 25th. They issued an equal weight rating and a $24.00 price objective for the company. Raymond James raised 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 report on Thursday, February 29th. Royal Bank of Canada dropped their price objective 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. Finally, KeyCorp lowered their target price on shares of Americold Realty Trust from $37.00 to $32.00 and set an overweight rating for the company in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of Moderate Buy and an average price target of $30.67.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded down $0.04 during trading hours on Thursday, reaching $25.26. 2,954,507 shares of the company's stock were exchanged, compared to its average volume of 2,357,808. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $33.90. The company has a market capitalization of $7.17 billion, a P/E ratio of -21.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.54. The business has a fifty day moving average of $23.86 and a two-hundred day moving average of $26.58. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.48%. Americold Realty Trust's dividend payout ratio is presently -75.21%.

Institutional Trading of Americold Realty Trust

Several hedge funds have recently made changes to their positions in COLD. M&T Bank Corp lifted its position in shares of Americold Realty Trust by 16.7% during the third quarter. M&T Bank Corp now owns 39,555 shares of the company's stock worth $1,203,000 after purchasing an additional 5,646 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Americold Realty Trust by 5.5% in the third quarter. Principal Financial Group Inc. now owns 21,216 shares of the company's stock valued at $645,000 after acquiring an additional 1,101 shares in the last quarter. California Public Employees Retirement System raised its holdings in Americold Realty Trust by 0.9% in the third quarter. California Public Employees Retirement System now owns 503,595 shares of the company's stock valued at $15,314,000 after acquiring an additional 4,466 shares in the last quarter. Signaturefd LLC raised its holdings in Americold Realty Trust by 23.8% in the third quarter. Signaturefd LLC now owns 2,746 shares of the company's stock valued at $84,000 after acquiring an additional 528 shares in the last quarter. Finally, abrdn plc raised its holdings in Americold Realty Trust by 12.7% in the third quarter. abrdn plc now owns 868,584 shares of the company's stock valued at $26,414,000 after acquiring an additional 97,592 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

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.