Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) Target Price at $30.60

Americold Realty Trust, Inc. (NYSE:COLD) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.60.

COLD has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Wednesday, June 26th. KeyCorp decreased their price objective on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Wells Fargo & Company initiated coverage on Americold Realty Trust in a report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price objective on the stock. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Monday, July 1st. Finally, Barclays upped 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mariner LLC increased its position in shares of Americold Realty Trust by 17.0% during the third quarter. Mariner LLC now owns 26,511 shares of the company’s stock worth $806,000 after acquiring an additional 3,843 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Americold Realty Trust by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 118,606 shares of the company’s stock worth $3,607,000 after acquiring an additional 600 shares during the period. Gotham Asset Management LLC increased its position in shares of Americold Realty Trust by 61.3% during the third quarter. Gotham Asset Management LLC now owns 51,381 shares of the company’s stock worth $1,562,000 after acquiring an additional 19,526 shares during the period. Earnest Partners LLC increased its position in shares of Americold Realty Trust by 1.9% during the third quarter. Earnest Partners LLC now owns 1,360,423 shares of the company’s stock worth $41,370,000 after acquiring an additional 25,188 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Americold Realty Trust by 14.9% during the third quarter. Public Employees Retirement System of Ohio now owns 555,543 shares of the company’s stock worth $16,894,000 after acquiring an additional 72,197 shares during the period. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 0.7 %

Shares of Americold Realty Trust stock opened at $26.18 on Wednesday. The stock has a market cap of $7.44 billion, a P/E ratio of -22.38, a P/E/G ratio of 1.84 and a beta of 0.59. The stock’s 50 day simple moving average is $25.29 and its 200-day simple moving average is $26.11. Americold Realty Trust has a 1-year low of $21.87 and a 1-year high of $33.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust Dividend Announcement

The company also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, June 28th. Americold Realty Trust’s dividend payout ratio (DPR) is -75.21%.

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.