Americold Realty Trust (NYSE:COLD) Sets New 12-Month Low at $22.05

Americold Realty Trust, Inc. (NYSE:COLD)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $22.05 and last traded at $22.16, with a volume of 58033 shares trading hands. The stock had previously closed at $22.39.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Scotiabank began coverage on shares of Americold Realty Trust in a report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 price objective for the company. Royal Bank of Canada decreased their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. KeyCorp dropped their target price on 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. Raymond James upgraded Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Thursday, February 29th. Finally, Barclays dropped their price objective on Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $30.33.

Americold Realty Trust Price Performance

The company’s 50 day simple moving average is $24.69 and its 200 day simple moving average is $26.95. The stock has a market cap of $6.28 billion, a P/E ratio of -18.25, a P/E/G ratio of 1.96 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17.

Americold Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, March 27th. Americold Realty Trust’s payout ratio is presently -72.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Xponance Inc. lifted its holdings in shares of Americold Realty Trust by 6.5% in the third quarter. Xponance Inc. now owns 9,868 shares of the company’s stock valued at $300,000 after purchasing an additional 603 shares in the last quarter. Raymond James & Associates raised its holdings in Americold Realty Trust by 2.2% in the 3rd quarter. Raymond James & Associates now owns 113,679 shares of the company’s stock valued at $3,457,000 after acquiring an additional 2,451 shares during the period. Vert Asset Management LLC lifted its holdings in Americold Realty Trust by 7.4% during the 3rd quarter. Vert Asset Management LLC now owns 110,567 shares of the company’s stock worth $3,362,000 after purchasing an additional 7,653 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Americold Realty Trust by 5.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,992 shares of the company’s stock valued at $4,500,000 after purchasing an additional 7,527 shares during the period. Finally, Strs Ohio grew its holdings in Americold Realty Trust by 6.7% in the 3rd quarter. Strs Ohio now owns 499,918 shares of the company’s stock valued at $15,202,000 after buying an additional 31,344 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Company Profile

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.