Americold Realty Trust Inc. (NYSE:COLD) Given Consensus Rating of “Hold” by Analysts

Americold Realty Trust Inc. (NYSE:COLD) has received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.5357.

A number of research firms have recently commented on COLD. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a research note on Friday, May 8th. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Wells Fargo & Company lifted their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Citigroup boosted their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada set a $18.00 target price on Americold Realty Trust in a report on Monday, August 10th.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $14.86 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $4.24 billion, a PE ratio of -9.34 and a beta of 0.97. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The company has a fifty day moving average of $14.97 and a two-hundred day moving average of $13.61.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Tuesday, June 30th. Americold Realty Trust’s payout ratio is presently -57.86%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COLD. Vanguard Group Inc. lifted its holdings in Americold Realty Trust by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 38,597,711 shares of the company’s stock valued at $496,367,000 after purchasing an additional 388,809 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Americold Realty Trust during the second quarter worth $350,837,000. Norges Bank purchased a new stake in shares of Americold Realty Trust during the fourth quarter worth $152,684,000. State Street Corp raised its position in shares of Americold Realty Trust by 0.7% in the fourth quarter. State Street Corp now owns 10,713,586 shares of the company’s stock valued at $140,203,000 after buying an additional 75,814 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Americold Realty Trust in the second quarter valued at about $163,962,000. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.