Americold Realty Trust (NYSE:COLD) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Americold Realty Trust (NYSE:COLD) from a peer perform rating to an outperform rating in a report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has $31.00 target price on the stock.

Several other brokerages have also issued reports on COLD. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a neutral rating to an overweight rating and set a $30.00 price target on the stock in a report on Wednesday, June 26th. Barclays increased their price target on shares of Americold Realty Trust from $25.00 to $26.00 and gave the stock an equal weight rating in a research report on Friday, May 24th. Wells Fargo & Company started coverage on Americold Realty Trust in a report on Thursday, April 25th. They set an equal weight rating and a $24.00 price objective on the stock. Scotiabank raised Americold Realty Trust from a sector perform rating to a sector outperform rating and increased their target price for the stock from $27.00 to $30.00 in a report on Thursday, May 23rd. Finally, KeyCorp decreased their price target on Americold Realty Trust from $37.00 to $32.00 and set an overweight rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $30.60.

Americold Realty Trust Stock Performance

COLD opened at $26.28 on Monday. The stock’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $26.23. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.46 billion, a PE ratio of -22.46, a P/E/G ratio of 1.81 and a beta of 0.59. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $33.90.

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 issued a dividend of $0.22 per share. The ex-dividend date is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.35%. Americold Realty Trust’s dividend payout ratio is -75.21%.

Hedge Funds Weigh In On Americold Realty Trust

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Americold Realty Trust by 2.9% in the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock valued at $982,509,000 after buying an additional 1,095,116 shares in the last quarter. Norges Bank acquired a new stake in Americold Realty Trust in the 4th quarter valued at about $677,077,000. Principal Financial Group Inc. increased its position in Americold Realty Trust by 49.6% in the 1st quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after acquiring an additional 3,879,632 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Americold Realty Trust by 0.3% in the third quarter. Deutsche Bank AG now owns 4,451,713 shares of the company’s stock worth $135,377,000 after acquiring an additional 11,973 shares during the last quarter. Finally, Long Pond Capital LP acquired a new position in shares of Americold Realty Trust during the first quarter worth approximately $106,206,000. 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.