Americold Realty Trust, Inc. (NYSE:COLD) Sees Significant Increase in Short Interest

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,590,000 shares, a growth of 9.8% from the October 31st total of 6,910,000 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 4.1 days.

Americold Realty Trust Stock Performance

NYSE COLD traded down $0.46 on Monday, reaching $23.40. 2,333,542 shares of the company’s stock traded hands, compared to its average volume of 2,197,249. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of -23.62, a P/E/G ratio of 1.89 and a beta of 0.61. The stock has a 50 day moving average price of $25.56 and a 200-day moving average price of $26.88. Americold Realty Trust has a fifty-two week low of $21.53 and a fifty-two week high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. Equities research analysts predict that Americold Realty Trust will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.76%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Institutional Trading of Americold Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Americold Realty Trust in the 3rd quarter valued at approximately $55,000. Blue Trust Inc. increased its position in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Americold Realty Trust in the 2nd quarter valued at approximately $85,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on COLD shares. Evercore ISI boosted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Robert W. Baird decreased their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Scotiabank raised their price objective on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Truist Financial lifted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

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.