Americold Realty Trust, Inc. (NYSE:COLD) Sees Significant Increase in Short Interest

Americold Realty Trust, Inc. (NYSE:COLD) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 3,210,000 shares, a growth of 26.4% from the June 30th total of 2,540,000 shares. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is presently 1.3 days.

Americold Realty Trust Trading Up 2.1 %

Shares of NYSE:COLD traded up $0.62 during midday trading on Friday, reaching $29.47. The company’s stock had a trading volume of 2,697,861 shares, compared to its average volume of 2,160,710. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $33.90. The firm has a 50 day moving average of $26.55 and a 200-day moving average of $26.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Friday, June 28th. Americold Realty Trust’s payout ratio is presently -75.21%.

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 COLD. GAMMA Investing LLC bought a new stake in shares of Americold Realty Trust in the fourth quarter valued at about $50,000. Blue Trust Inc. raised its holdings in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after acquiring an additional 2,891 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Americold Realty Trust in the fourth quarter valued at about $80,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Americold Realty Trust in the second quarter valued at about $85,000. Finally, Signaturefd LLC raised its holdings in shares of Americold Realty Trust by 24.0% in the fourth quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after acquiring an additional 659 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $27.00 to $30.00 in a report on Thursday, May 23rd. Barclays upped their price target on shares of Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Wells Fargo & Company assumed coverage on shares of Americold Realty Trust in a report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price target for the company. Wolfe Research upgraded shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Monday, July 1st. Finally, JPMorgan Chase & Co. upgraded shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

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.