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

Americold Realty Trust, Inc. (NYSE:COLD) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $31.13.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $35.00 in a research note on Tuesday, January 16th. Scotiabank started coverage on Americold Realty Trust in a research note on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 price objective on the stock. KeyCorp lowered their price objective on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Barclays decreased their price target on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds have recently modified their holdings of the company. Seven Grand Managers LLC acquired a new stake in shares of Americold Realty Trust during the 1st quarter valued at $1,595,000. Norden Group LLC acquired a new stake in shares of Americold Realty Trust during the 1st quarter valued at $220,000. State of Alaska Department of Revenue boosted its holdings in shares of Americold Realty Trust by 5.6% during the 1st quarter. State of Alaska Department of Revenue now owns 135,202 shares of the company’s stock valued at $3,368,000 after acquiring an additional 7,213 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Americold Realty Trust by 134.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,105,589 shares of the company’s stock valued at $27,551,000 after acquiring an additional 633,335 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in shares of Americold Realty Trust by 42.0% during the 1st quarter. Capital Insight Partners LLC now owns 14,894 shares of the company’s stock valued at $371,000 after acquiring an additional 4,408 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD opened at $22.79 on Friday. 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 $6.47 billion, a price-to-earnings ratio of -18.90, a PEG ratio of 2.02 and a beta of 0.52. The business has a 50 day moving average of $25.17 and a 200-day moving average of $27.18. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.13.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.86%. Americold Realty Trust’s payout ratio is -72.73%.

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.