Americold Realty Trust, Inc. (NYSE:COLD) Short Interest Update

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a significant growth in short interest in 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 trading volume of 1,850,000 shares, the short-interest ratio is currently 4.1 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COLD. Truist Financial raised their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank lifted their price target on 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. Evercore ISI raised their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company upped their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Trading Down 1.4 %

Shares of NYSE:COLD traded down $0.32 during trading on Wednesday, hitting $22.78. The company had a trading volume of 339,541 shares, compared to its average volume of 2,186,822. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of -22.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $26.85. Americold Realty Trust has a one year low of $21.53 and a one year high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million during 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 was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. As a group, equities analysts forecast that Americold Realty Trust will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PGGM Investments bought a new position in Americold Realty Trust in the second quarter worth approximately $114,436,000. FMR LLC grew its position in shares of Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Americold Realty Trust by 30.8% during the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after buying an additional 3,602,337 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Americold Realty Trust by 2,542.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after acquiring an additional 1,647,522 shares in the last quarter. Finally, Darlington Partners Capital Management LP increased its position in Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after purchasing an additional 1,183,571 shares during the period. Institutional investors own 98.14% of the company’s stock.

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.