Short Interest in Americold Realty Trust, Inc. (NYSE:COLD) Expands By 6.1%

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 7,600,000 shares, a growth of 6.1% from the September 30th total of 7,160,000 shares. Based on an average trading volume of 1,700,000 shares, the days-to-cover ratio is currently 4.5 days.

Analysts Set New Price Targets

A number of brokerages have commented on COLD. Robert W. Baird increased their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Truist Financial lifted their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays upped their target price on shares of Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI lifted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company upped their price objective 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.18.

Americold Realty Trust Trading Down 1.1 %

Shares of NYSE:COLD traded down $0.29 during trading on Friday, reaching $25.39. 1,093,256 shares of the stock were exchanged, compared to its average volume of 2,159,212. The firm’s 50-day moving average price is $27.89 and its 200 day moving average price is $26.75. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of -25.42, a price-to-earnings-growth ratio of 1.71 and a beta of 0.60. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $30.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business had revenue of $660.96 million during the quarter, compared to analyst estimates of $653.74 million. During the same period in the previous year, the company earned $0.28 EPS. Americold Realty Trust’s revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate 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. Investors of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.47%. Americold Realty Trust’s payout ratio is currently -87.13%.

Hedge Funds Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Easterly Investment Partners LLC boosted its position in Americold Realty Trust by 174.6% in the 3rd quarter. Easterly Investment Partners LLC now owns 334,081 shares of the company’s stock valued at $9,444,000 after buying an additional 212,426 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Americold Realty Trust during the 3rd quarter valued at approximately $128,000. Cambiar Investors LLC increased its holdings in Americold Realty Trust by 1.4% during the 3rd quarter. Cambiar Investors LLC now owns 460,816 shares of the company’s stock worth $13,027,000 after purchasing an additional 6,175 shares during the last quarter. US Bancorp DE raised its position in shares of Americold Realty Trust by 2.0% in the 3rd quarter. US Bancorp DE now owns 92,319 shares of the company’s stock valued at $2,610,000 after purchasing an additional 1,783 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Americold Realty Trust by 195.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,302 shares of the company’s stock valued at $772,000 after buying an additional 18,062 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

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.