Americold Realty Trust (NYSE:COLD) Upgraded at Wolfe Research

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

Several other equities research analysts have also recently issued reports on COLD. JPMorgan Chase & Co. upgraded Americold Realty Trust from a neutral rating to an overweight rating and set a $30.00 price target for the company in a research note on Wednesday, June 26th. Barclays upped their target price on Americold Realty Trust from $25.00 to $26.00 and gave the company an equal weight rating in a research report on Friday, May 24th. Wells Fargo & Company initiated coverage on Americold Realty Trust in a research report on Thursday, April 25th. They issued an equal weight rating and a $24.00 price target on the stock. Scotiabank raised shares of Americold Realty Trust from a sector perform rating to a sector outperform rating and upped their price objective for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. Finally, KeyCorp decreased 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 report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $30.60.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $26.28 on Monday. The company has a 50-day simple moving average of $24.98 and a two-hundred day simple moving average of $26.23. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $33.90. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of -22.46, a price-to-earnings-growth ratio of 1.81 and a beta of 0.59. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.35%. Americold Realty Trust’s payout ratio is presently -75.21%.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently made changes to their positions in COLD. VisionPoint Advisory Group LLC increased its stake in shares of Americold Realty Trust by 74.1% in the third quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after buying an additional 389 shares during the period. Capital Square LLC increased its position in Americold Realty Trust by 1.2% in the 4th quarter. Capital Square LLC now owns 42,595 shares of the company’s stock valued at $1,289,000 after acquiring an additional 511 shares during the period. Treasurer of the State of North Carolina raised its stake 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 valued at $3,607,000 after acquiring an additional 600 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of 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 during the period. Finally, Yousif Capital Management LLC lifted its holdings in shares of Americold Realty Trust by 6.6% during the first quarter. Yousif Capital Management LLC now owns 12,429 shares of the company’s stock worth $310,000 after purchasing an additional 768 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

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.