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

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

Americold Realty Trust Price Performance

NYSE COLD traded up $0.46 on Tuesday, hitting $22.21. The stock had a trading volume of 546,238 shares, compared to its average volume of 2,187,214. The company’s 50-day moving average is $26.67 and its two-hundred day moving average is $26.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. 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 posted 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 business had revenue of $674.17 million during the quarter, compared to analyst estimates 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 revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts predict that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s payout ratio is currently -87.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on COLD shares. Wells Fargo & Company increased their price target on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI lifted their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Barclays dropped their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday. Scotiabank lifted their price objective 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. Finally, Truist Financial increased their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.55.

Hedge Funds Weigh In On Americold Realty Trust

Large investors have recently bought and sold shares of the stock. Assetmark Inc. increased its stake in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares during the period. GAMMA Investing LLC raised 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 worth $32,000 after buying an additional 735 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust in the third quarter valued at $55,000. Blue Trust Inc. boosted its stake in Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after buying an additional 2,891 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Americold Realty Trust during the second quarter worth about $85,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.