Americold Realty Trust (NYSE:COLD) Price Target Raised to $26.00

Americold Realty Trust (NYSE:COLD) had its price objective increased by Barclays from $25.00 to $26.00 in a research note published on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also recently issued reports about the company. Raymond James upgraded Americold Realty Trust from a market perform rating to an outperform rating and set a $31.00 price objective on the stock in a research report on Thursday, February 29th. Scotiabank raised shares of Americold Realty Trust from a sector perform rating to a sector outperform rating and boosted their price target for the company from $27.00 to $30.00 in a report on Thursday. Wells Fargo & Company began coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They set an equal weight rating and a $24.00 target price on the stock. KeyCorp dropped their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an overweight rating for the company in a research report on Friday, March 22nd. Finally, Royal Bank of Canada cut their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an outperform rating for the company in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust has an average rating of Moderate Buy and a consensus price target of $30.78.

Americold Realty Trust Stock Performance

Shares of COLD traded up $0.11 during trading hours on Friday, reaching $25.37. 1,763,273 shares of the company traded hands, compared to its average volume of 2,440,404. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. The stock’s fifty day moving average is $23.86 and its 200 day moving average is $26.58. Americold Realty Trust has a 1-year low of $21.87 and a 1-year high of $33.90. The stock has a market cap of $7.21 billion, a P/E ratio of -21.68, a price-to-earnings-growth ratio of 1.84 and a beta of 0.54.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.22 per share. 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 3.47%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. VisionPoint Advisory Group LLC increased its holdings 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 purchasing an additional 389 shares in the last quarter. Clearstead Advisors LLC bought a new position in Americold Realty Trust in the 3rd quarter valued at $33,000. GAMMA Investing LLC acquired a new stake in shares of Americold Realty Trust in the 4th quarter valued at $50,000. Principal Securities Inc. acquired a new stake in shares of Americold Realty Trust in the 4th quarter valued at $80,000. Finally, Signaturefd LLC raised its position in shares of Americold Realty Trust by 23.8% during the third quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock worth $84,000 after acquiring an additional 528 shares during the last quarter. Institutional investors and hedge funds 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.