Americold Realty Trust (NYSE:COLD) Upgraded by JPMorgan Chase & Co. to Overweight

JPMorgan Chase & Co. upgraded shares of Americold Realty Trust (NYSE:COLD) from a neutral rating to an overweight rating in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has $30.00 target price on the stock.

A number of other equities analysts have also recently issued reports on COLD. Raymond James upgraded Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 target price for the company in a report on Thursday, February 29th. Wells Fargo & Company started coverage on 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. Scotiabank upgraded Americold Realty Trust from a sector perform rating to a sector outperform rating and raised their price objective for the company from $27.00 to $30.00 in a report on Thursday, May 23rd. Barclays raised their price objective on Americold Realty Trust from $25.00 to $26.00 and gave the company an equal weight rating in a report on Friday, May 24th. Finally, KeyCorp decreased their price objective 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of Moderate Buy and an average target price of $30.56.

Americold Realty Trust Price Performance

COLD stock opened at $25.56 on Wednesday. The stock has a 50-day moving average price of $24.69 and a two-hundred day moving average price of $26.37. The stock has a market cap of $7.26 billion, a PE ratio of -21.85, a price-to-earnings-growth ratio of 1.82 and a beta of 0.60. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $33.90.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Friday, June 28th. Americold Realty Trust’s payout ratio is currently -75.21%.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. VisionPoint Advisory Group LLC lifted 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 worth $28,000 after acquiring an additional 389 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Americold Realty Trust during the fourth quarter worth approximately $50,000. Principal Securities Inc. acquired a new stake in Americold Realty Trust during the fourth quarter worth approximately $80,000. Signaturefd LLC lifted its position in Americold Realty Trust by 24.0% during the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock worth $103,000 after acquiring an additional 659 shares during the last quarter. Finally, Norden Group LLC acquired a new stake in Americold Realty Trust during the first quarter worth approximately $220,000. 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.