Americold Realty Trust, Inc. (NYSE:COLD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.17.

A number of brokerages recently issued reports on COLD. Raymond James decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Robert W. Baird decreased their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Truist Financial cut their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Scotiabank decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a report on Tuesday, December 10th. Finally, Citigroup lowered their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th.

Americold Realty Trust Stock Down 1.5 %

Shares of NYSE COLD opened at $21.41 on Thursday. Americold Realty Trust has a 1 year low of $20.41 and a 1 year high of $30.45. The firm has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $25.15. The company has a market cap of $6.09 billion, a P/E ratio of -21.20, a PEG ratio of 1.64 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Insider Activity

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock valued at $39,936,000 after purchasing an additional 123,776 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after buying an additional 165,667 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Americold Realty Trust by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock worth $1,139,000 after acquiring an additional 17,295 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Americold Realty Trust by 19.6% during the fourth quarter. Park Avenue Securities LLC now owns 21,156 shares of the company’s stock worth $453,000 after acquiring an additional 3,464 shares during the last quarter. Finally, Foresight Group Ltd Liability Partnership increased its holdings in shares of Americold Realty Trust by 19.5% during the fourth quarter. Foresight Group Ltd Liability Partnership now owns 87,860 shares of the company’s stock valued at $1,864,000 after acquiring an additional 14,320 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.