Americold Realty Trust assumed with an Equal Weight at Barclays

Barclays assumed coverage of Americold Realty Trust with an Equal Weight rating and $25 price target. The operating component of the REIT’s business differentiates it from most industrial REITs, creating a wider range of outcomes relative to peers, the analyst tells investors in a research note. The firm adds that Americold has also structured its overhead to dampen earnings volatility as demand fluctuates, but it remains a less predictable revenue stream than rent.