Short Interest in Americold Realty Trust, Inc. (NYSE:COLD) Declines By 9.1%

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 6,910,000 shares, a drop of 9.1% from the October 15th total of 7,600,000 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is presently 4.2 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COLD shares. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank raised their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Royal Bank of Canada dropped their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Evercore ISI upped their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Barclays reduced their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Trading Down 0.3 %

Shares of COLD traded down $0.07 during mid-day trading on Monday, reaching $21.76. 2,722,290 shares of the company were exchanged, compared to its average volume of 2,194,742. The business has a 50 day simple moving average of $26.67 and a two-hundred day simple moving average of $26.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.15. The stock has a market capitalization of $6.18 billion, a PE ratio of -21.53, a PEG ratio of 1.72 and a beta of 0.61. Americold Realty Trust has a 52 week low of $21.53 and a 52 week high of $30.92.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts predict that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given 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 yield of 4.05%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -87.13%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. increased its holdings in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Americold Realty Trust during the 3rd quarter valued at $55,000. Blue Trust Inc. lifted its position in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after acquiring an additional 2,891 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust in the second quarter worth $85,000. 98.14% of the stock is owned by institutional investors.

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.