Americold Realty Trust (NYSE:COLD) Receives New Coverage from Analysts at Scotiabank

Scotiabank started coverage on shares of Americold Realty Trust (NYSE:COLD) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a sector perform rating and a $27.00 price objective on the stock.

COLD has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set a neutral rating on the stock in a research report on Friday, December 1st. KeyCorp reduced their price target 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. Truist Financial raised shares of Americold Realty Trust from a hold rating to a buy rating and lifted their price target for the company from $31.00 to $35.00 in a research report on Tuesday, January 16th. Barclays reduced their price target on shares of Americold Realty Trust from $32.00 to $25.00 and set an equal weight rating on the stock in a research report on Wednesday. Finally, Raymond James raised shares of Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 price target on the stock in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $31.13.

Americold Realty Trust Price Performance

COLD opened at $24.77 on Wednesday. The company’s 50 day simple moving average is $26.79 and its 200 day simple moving average is $28.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.17 and a current ratio of 0.17. Americold Realty Trust has a 1 year low of $24.31 and a 1 year high of $33.90. The stock has a market capitalization of $7.03 billion, a PE ratio of -20.47, a P/E/G ratio of 2.14 and a beta of 0.53.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.55%. Americold Realty Trust’s dividend payout ratio is currently -72.73%.

Institutional Trading of Americold Realty Trust

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Americold Realty Trust in the fourth quarter worth $677,077,000. Principal Financial Group Inc. increased its stake in shares of Americold Realty Trust by 36,753.5% in the fourth quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock worth $236,676,000 after buying an additional 7,797,617 shares during the last quarter. FMR LLC increased its stake in shares of Americold Realty Trust by 76,044.2% in the third quarter. FMR LLC now owns 6,243,067 shares of the company’s stock worth $189,852,000 after buying an additional 6,234,868 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Americold Realty Trust by 30.4% in the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock worth $243,239,000 after buying an additional 2,034,178 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Americold Realty Trust by 17.1% in the first quarter. State Street Corp now owns 11,546,934 shares of the company’s stock worth $324,412,000 after buying an additional 1,685,692 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

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.