Americold Realty Trust, Inc. (NYSE:COLD) Short Interest Up 5.5% in November

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 8,010,000 shares, an increase of 5.5% from the November 15th total of 7,590,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is currently 4.2 days.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $22.32 on Wednesday. The company’s fifty day moving average price is $24.41 and its two-hundred day moving average price is $26.68. 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 firm has a market capitalization of $6.34 billion, a P/E ratio of -22.10, a P/E/G ratio of 1.80 and a beta of 0.59. Americold Realty Trust has a 12 month low of $21.53 and a 12 month high of $30.59.

Americold Realty Trust (NYSE:COLD) last issued its 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 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%. Americold Realty Trust’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. On average, research analysts anticipate that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.94%. Americold Realty Trust’s payout ratio is -87.13%.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Raymond James lowered their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Truist Financial dropped their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Finally, Citigroup lowered their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Insider Activity

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Americold Realty Trust by 40.8% during the third 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 during the last quarter. Principal Financial Group Inc. grew its position in Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after acquiring an additional 3,602,337 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after buying an additional 1,647,522 shares during the last quarter. Darlington Partners Capital Management LP grew its stake in shares of Americold Realty Trust by 15.1% during the second 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 last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Americold Realty Trust by 2,175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock valued at $27,071,000 after buying an additional 1,039,828 shares during the period. Institutional investors and hedge funds 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.