Americold Realty Trust (NYSE:COLD) Lifted to “Outperform” at Wolfe Research

Wolfe Research upgraded shares of Americold Realty Trust (NYSE:COLD) from a peer perform rating to an outperform rating in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has $31.00 price objective on the stock.

Several other analysts also recently weighed in on COLD. Barclays boosted their target price 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. JPMorgan Chase & Co. raised Americold Realty Trust from a neutral rating to an overweight rating and set a $30.00 price objective for the company in a report on Wednesday, June 26th. KeyCorp lowered their target price on shares of Americold Realty Trust from $37.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, March 22nd. Scotiabank upgraded shares of Americold Realty Trust from a sector perform rating to a sector outperform rating and upped their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company initiated coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They set an equal weight rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust currently has an average rating of Moderate Buy and an average price target of $30.60.

Americold Realty Trust Price Performance

Shares of COLD opened at $26.29 on Monday. 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 has a 1-year low of $21.87 and a 1-year high of $33.90. The stock has a market cap of $7.47 billion, a PE ratio of -22.47, a price-to-earnings-growth ratio of 1.83 and a beta of 0.59. The firm has a fifty day moving average price of $25.06 and a 200 day moving average price of $26.23.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend yield of 3.35%. Americold Realty Trust’s dividend payout ratio (DPR) is -75.21%.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Americold Realty Trust during the 4th quarter worth approximately $3,169,000. Asset Management One Co. Ltd. grew its holdings in Americold Realty Trust by 21.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 481,328 shares of the company’s stock worth $14,719,000 after acquiring an additional 86,136 shares during the period. BNP Paribas Financial Markets raised its position in Americold Realty Trust by 150.9% in the fourth quarter. BNP Paribas Financial Markets now owns 148,201 shares of the company’s stock worth $4,486,000 after acquiring an additional 89,135 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in Americold Realty Trust by 671.9% in the fourth quarter. New York Life Investment Management LLC now owns 92,920 shares of the company’s stock valued at $2,813,000 after acquiring an additional 80,882 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Americold Realty Trust by 28.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,192 shares of the company’s stock worth $5,757,000 after purchasing an additional 42,200 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.