Americold Realty Trust, Inc. (NYSE:COLD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.60.

Several research firms have recently commented on COLD. Scotiabank raised shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. Barclays raised their target price on shares of Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Wells Fargo & Company initiated coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 target price for the company. Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Monday. Finally, KeyCorp decreased their price target 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.

Americold Realty Trust Trading Up 0.8 %

NYSE:COLD opened at $25.86 on Wednesday. The company has a 50-day moving average price of $24.91 and a 200-day moving average price of $26.23. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $33.90. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of -22.10, a P/E/G ratio of 1.81 and a beta of 0.59.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

Institutional Trading of Americold Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lasalle Investment Management Securities LLC bought a new stake in Americold Realty Trust during the 1st quarter valued at about $27,996,000. Westwood Holdings Group Inc. increased its stake in Americold Realty Trust by 24.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,085,581 shares of the company’s stock valued at $27,053,000 after purchasing an additional 209,942 shares in the last quarter. Cetera Advisors LLC bought a new stake in Americold Realty Trust during the 1st quarter valued at about $350,000. Swedbank AB bought a new stake in Americold Realty Trust during the 1st quarter valued at about $9,495,000. Finally, Walleye Trading LLC bought a new stake in Americold Realty Trust during the 1st quarter valued at about $249,000. 98.14% of the stock is currently owned by institutional investors.

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.