Americold Realty Trust (NYSE:COLD) Coverage Initiated at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Americold Realty Trust (NYSE:COLD) in a note issued to investors on Thursday, Briefing.com reports. The brokerage set an “equal weight” rating and a $24.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.57% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada cut their price target on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Scotiabank assumed coverage on Americold Realty Trust in a report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 target price for the company. Barclays dropped their target price 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. Truist Financial raised Americold Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $35.00 in a report on Tuesday, January 16th. Finally, Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.33.

Americold Realty Trust Trading Down 1.2 %

Shares of Americold Realty Trust stock opened at $22.52 on Thursday. The business has a fifty day simple moving average of $25.09 and a two-hundred day simple moving average of $27.13. Americold Realty Trust has a 1 year low of $22.51 and a 1 year high of $33.90. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of -18.61, a P/E/G ratio of 2.01 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC increased its position 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 worth $28,000 after purchasing an additional 389 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Americold Realty Trust by 5.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,542 shares of the company’s stock worth $260,000 after purchasing an additional 423 shares during the period. Capital Square LLC increased its position in shares of Americold Realty Trust by 1.2% in the fourth quarter. Capital Square LLC now owns 42,595 shares of the company’s stock worth $1,289,000 after purchasing an additional 511 shares during the period. Amalgamated Bank grew its position in Americold Realty Trust by 1.3% in the third quarter. Amalgamated Bank now owns 41,213 shares of the company’s stock valued at $1,253,000 after acquiring an additional 515 shares during the last quarter. Finally, Signaturefd LLC grew its position in Americold Realty Trust by 23.8% in the third quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock valued at $84,000 after acquiring an additional 528 shares during the last quarter. 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.