Brokerages Set Americold Realty Trust, Inc. (NYSE:COLD) Price Target at $29.17

Americold Realty Trust, Inc. (NYSE:COLD) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.17.

A number of brokerages recently weighed in on COLD. Raymond James cut their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Scotiabank cut their price objective on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Citigroup lowered their target price on 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 lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Robert W. Baird lowered their price target 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.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $21.39 on Thursday. Americold Realty Trust has a 12-month low of $20.41 and a 12-month high of $30.45. The stock has a market capitalization of $6.08 billion, a P/E ratio of -21.17, a P/E/G ratio of 1.64 and a beta of 0.61. 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 firm’s 50-day moving average is $21.68 and its two-hundred day moving average is $25.03.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 4.12%. Americold Realty Trust’s payout ratio is currently -87.13%.

Insider Buying and Selling at Americold Realty Trust

In related news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors have recently made changes to their positions in COLD. Brown Brothers Harriman & Co. acquired a new position in Americold Realty Trust during the 4th quarter worth approximately $25,000. Assetmark Inc. raised its stake in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC raised its stake in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after buying an additional 735 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Americold Realty Trust by 1,081.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock worth $48,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Americold Realty Trust in the third quarter worth approximately $55,000. Institutional investors own 98.14% of the company’s stock.

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.