Americold Realty Trust (NYSE:COLD) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Americold Realty Trust (NYSE:COLD - Free Report) from an equal weight rating to an overweight rating in a report issued on Wednesday morning, MarketBeat reports. The firm currently has $21.00 price target on the stock, down from their prior price target of $26.00.

Other research analysts have also recently issued reports about the company. Raymond James reduced their price target on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Scotiabank increased their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, March 10th. Finally, Citigroup decreased their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Americold Realty Trust Stock Up 0.6 %

COLD traded up $0.12 during trading on Wednesday, hitting $19.35. The company had a trading volume of 516,064 shares, compared to its average volume of 2,174,243. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.50 billion, a PE ratio of -56.91, a PEG ratio of 1.66 and a beta of 0.77. The firm's 50-day moving average price is $21.29 and its 200 day moving average price is $22.75. Americold Realty Trust has a one year low of $16.67 and a one year high of $30.45.

Remove Ads

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. As a group, equities analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Americold Realty Trust's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 4.75%. Americold Realty Trust's dividend payout ratio is presently -270.59%.

Institutional Trading of Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of COLD. Norges Bank acquired a new stake in Americold Realty Trust during the fourth quarter worth approximately $478,674,000. Cohen & Steers Inc. boosted its stake in Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the period. Alyeska Investment Group L.P. grew its holdings in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock valued at $136,698,000 after buying an additional 3,427,083 shares in the last quarter. Invesco Ltd. increased its position in Americold Realty Trust by 253.8% during the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after buying an additional 2,304,867 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after buying an additional 1,678,949 shares in the last quarter. Institutional investors own 98.14% of the company's stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio.