Americold Realty Trust (NYSE:COLD) Upgraded at JPMorgan Chase & Co.

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

A number of other research analysts have also recently issued reports on the stock. 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 report on Friday, March 22nd. Royal Bank of Canada dropped their price target 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. Scotiabank upgraded Americold Realty Trust from a sector perform rating to a sector outperform rating and raised their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, May 23rd. Wells Fargo & Company began coverage on Americold Realty Trust in a research report on Thursday, April 25th. They issued an equal weight rating and a $24.00 target price on the stock. Finally, Barclays upped their price target on Americold Realty Trust from $25.00 to $26.00 and gave the stock an equal weight rating in a report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $30.56.

Americold Realty Trust Stock Performance

COLD opened at $25.53 on Wednesday. The company has a market cap of $7.25 billion, a P/E ratio of -21.82, a price-to-earnings-growth ratio of 1.81 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $24.79 and its 200-day moving average price is $26.34. Americold Realty Trust has a 52-week low of $21.87 and a 52-week high of $33.90.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, June 28th. Americold Realty Trust’s dividend payout ratio is presently -75.21%.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of COLD. VisionPoint Advisory Group LLC increased its position in shares of Americold Realty Trust by 74.1% during the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Americold Realty Trust in the fourth quarter valued at approximately $50,000. Principal Securities Inc. purchased a new stake in Americold Realty Trust in the fourth quarter valued at approximately $80,000. Signaturefd LLC lifted its stake 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 purchasing an additional 659 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in shares of Americold Realty Trust during the fourth quarter worth $225,000. 98.14% of the stock is currently owned by hedge funds and other 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.