Americold Realty Trust, Inc. (NYSE:COLD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $29.17.

Several brokerages have recently issued reports on COLD. Robert W. Baird reduced their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Citigroup cut their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Barclays decreased their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Truist Financial cut their price target on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th.

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COLD. Norges Bank acquired a new position in shares of Americold Realty Trust during the fourth quarter valued at approximately $478,674,000. FMR LLC increased its position in shares of Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Americold Realty Trust by 132.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company’s stock valued at $63,151,000 after purchasing an additional 1,678,949 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Americold Realty Trust by 78.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock valued at $53,975,000 after purchasing an additional 1,109,528 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its holdings in Americold Realty Trust by 207.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,224,180 shares of the company’s stock valued at $26,197,000 after purchasing an additional 825,809 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

NYSE COLD opened at $21.41 on Thursday. The stock’s fifty day moving average price is $21.74 and its 200 day moving average price is $25.15. Americold Realty Trust has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $6.09 billion, a price-to-earnings ratio of -21.20, a PEG ratio of 1.64 and a beta of 0.61.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s payout ratio is currently -87.13%.

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.