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

Americold Realty Trust, Inc. (NYSE:COLD) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 6,910,000 shares, a decrease 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 short-interest ratio is currently 4.2 days.

Americold Realty Trust Stock Performance

Shares of COLD traded down $0.07 on Monday, reaching $21.76. 2,722,290 shares of the company’s stock traded hands, compared to its average volume of 2,194,742. The stock’s 50 day simple moving average is $26.67 and its two-hundred day simple moving average is $26.88. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 52-week low of $21.53 and a 52-week high of $30.92. The stock has a market cap 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 (NYSE:COLD) last announced its 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). The business 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 company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, analysts forecast that Americold Realty Trust will post 1.39 earnings per share 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. Shareholders of record on Monday, September 30th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s payout ratio is -87.13%.

Institutional Investors Weigh In On Americold Realty Trust

Several large investors have recently modified their holdings of COLD. Capital Insight Partners LLC increased its position in Americold Realty Trust by 2.6% in the second quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after buying an additional 380 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Americold Realty Trust by 2.3% during the 2nd quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after acquiring an additional 390 shares during the period. Signaturefd LLC increased its holdings in Americold Realty Trust by 17.3% in the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after acquiring an additional 689 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Americold Realty Trust by 1.0% during the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock valued at $2,089,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Americold Realty Trust by 189.9% during the third 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. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird decreased their price target 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 upped their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Barclays dropped 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 report on Monday. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Finally, Truist Financial raised their target price on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

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.