Zacks Investment Research upgraded shares of Americold Realty Trust (NYSE:COLD) from a hold rating to a buy rating in a report published on Tuesday. The firm currently has $22.00 price objective on the stock.
According to Zacks, “Americold Realty Trust is a real estate investment trust. It owns and operates temperature-controlled warehouses. The company operates primarily in the United States, Australia, New Zealand, Argentina and Canada. Americold Realty Trust is based in Atlanta, Georgia. “
COLD has been the topic of a number of other reports. Robert W. Baird initiated coverage on Americold Realty Trust in a research report on Tuesday, February 13th. They set an outperform rating and a $20.00 price target on the stock. ValuEngine downgraded Americold Realty Trust from a buy rating to a hold rating in a report on Monday, April 2nd. Goldman Sachs initiated coverage on Americold Realty Trust in a report on Monday, March 12th. They set a neutral rating and a $19.50 price objective on the stock. JPMorgan Chase initiated coverage on Americold Realty Trust in a report on Tuesday, February 13th. They set a neutral rating and a $19.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on Americold Realty Trust in a report on Tuesday, February 13th. They set an outperform rating and a $22.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Americold Realty Trust presently has an average rating of Buy and a consensus price target of $20.79.
NYSE COLD opened at $19.85 on Tuesday. Americold Realty Trust has a one year low of $16.13 and a one year high of $20.07. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of -0.31.
The company also recently disclosed a special dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were issued a dividend of $0.1396 per share. The ex-dividend date was Wednesday, March 28th.
In other Americold Realty Trust news, Director Ronald W. Burkle sold 13,581,284 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $14.90, for a total transaction of $202,361,131.60. The transaction was disclosed in a filing with the SEC, which is available at this link.
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About Americold Realty Trust
Americold Realty Trust is the world's largest owner and operator of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of September 30, 2017, we operated a global network of 160 high-quality warehouses encompassing 945.3 million cubic feet, with 142 warehouses in the United States, six warehouses in Australia, seven warehouses in New Zealand, two warehouses in Argentina and three warehouses in Canada.
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