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

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

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of recent research reports. Truist Financial increased their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI increased their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank boosted their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Wells Fargo & Company boosted their target price 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. Finally, Royal Bank of Canada lowered their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Hedge Funds Weigh In On Americold Realty Trust

A number of institutional investors have recently modified their holdings of COLD. Capital Insight Partners LLC raised its holdings in Americold Realty Trust by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after acquiring an additional 380 shares during the period. Moors & Cabot Inc. grew its position in shares of Americold Realty Trust by 2.3% in the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after purchasing an additional 390 shares during the last quarter. Signaturefd LLC increased its stake in shares of Americold Realty Trust by 17.3% in the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Americold Realty Trust by 1.0% in the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after purchasing an additional 700 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 2.1 %

NYSE COLD traded up $0.46 during trading on Tuesday, reaching $22.21. The company’s stock had a trading volume of 546,238 shares, compared to its average volume of 2,187,214. 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 1-year low of $21.53 and a 1-year high of $30.92. The business has a 50-day moving average price of $26.67 and a 200-day moving average price of $26.88.

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 analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. As a group, sell-side analysts expect that Americold Realty Trust will post 1.39 EPS for the current year.

Americold Realty Trust Dividend Announcement

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

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.