Americold Realty Trust, Inc. (NYSE:COLD) Sees Large Growth in Short Interest

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

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Capital Insight Partners LLC raised its stake in shares of Americold Realty Trust by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock valued at $390,000 after acquiring an additional 380 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Americold Realty Trust by 2.3% in the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after buying an additional 390 shares during the period. Signaturefd LLC boosted its holdings in shares of Americold Realty Trust by 17.3% in the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after buying an additional 689 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Americold Realty Trust by 1.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock valued at $2,089,000 after buying an additional 700 shares during the period. Finally, GAMMA Investing LLC lifted its position in 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 purchasing an additional 735 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Robert W. Baird lowered their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Evercore ISI boosted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Truist Financial boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Stock Performance

COLD traded down $0.46 during midday trading on Monday, hitting $23.40. 2,333,542 shares of the company were exchanged, compared to its average volume of 2,197,249. The company’s 50 day simple moving average is $25.56 and its 200 day simple moving average is $26.88. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of -23.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. As a group, sell-side analysts predict that Americold Realty Trust will post 1.38 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced 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 was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.76%. Americold Realty Trust’s payout ratio is currently -87.13%.

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.