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

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a significant increase in short interest during the month of 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 daily volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Citigroup cut their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Robert W. Baird cut their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company increased 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 report on Wednesday, August 28th. Finally, Evercore ISI lifted their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Americold Realty Trust Stock Performance

COLD traded down $0.16 during trading on Tuesday, reaching $22.32. 1,745,648 shares of the company’s stock were exchanged, compared to its average volume of 2,184,026. The company has a market capitalization of $6.34 billion, a P/E ratio of -22.10, a PEG ratio of 1.80 and a beta of 0.59. The business has a 50 day moving average price of $24.41 and a 200 day moving average price of $26.68. Americold Realty Trust has a fifty-two week low of $21.53 and a fifty-two week high of $30.59. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data 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). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, analysts predict that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

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

Insider Activity at Americold Realty Trust

In related 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 sale, the senior vice president now owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in Americold Realty Trust by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company’s stock valued at $6,564,000 after acquiring an additional 30,831 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Americold Realty Trust by 51.2% during the third quarter. Tidal Investments LLC now owns 91,203 shares of the company’s stock valued at $2,578,000 after buying an additional 30,875 shares during the last quarter. TCW Group Inc. bought a new stake in Americold Realty Trust during the third quarter worth $1,880,000. Barclays PLC raised its position in Americold Realty Trust by 22.3% in the 3rd quarter. Barclays PLC now owns 98,739 shares of the company’s stock valued at $2,791,000 after buying an additional 18,015 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after purchasing an additional 882 shares during the last quarter. 98.14% of the stock is currently 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.