Shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Free Report) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.60.
A number of brokerages recently issued reports on COLD. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Monday, July 1st. Barclays lifted their price objective on shares of 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 shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Wednesday, June 26th. Scotiabank raised shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company assumed coverage on Americold Realty Trust in a report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price objective for the company.
Check Out Our Latest Research Report on COLD
Institutional Inflows and Outflows
Americold Realty Trust Stock Down 0.9 %
COLD stock opened at $29.97 on Friday. The stock’s 50 day simple moving average is $27.00 and its 200 day simple moving average is $26.00. The company has a market cap of $8.51 billion, a P/E ratio of -25.62, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. Americold Realty Trust has a fifty-two week low of $21.87 and a fifty-two week high of $33.90.
Americold Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.
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.
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