Short Interest in Americold Realty Trust, Inc. (NYSE:COLD) Decreases By 36.3%

Americold Realty Trust, Inc. (NYSE:COLD) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 5,860,000 shares, a decline of 36.3% from the January 31st total of 9,200,000 shares. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is currently 2.9 days.

Americold Realty Trust Trading Down 0.6 %

NYSE COLD opened at $22.91 on Friday. Americold Realty Trust has a one year low of $20.41 and a one year high of $30.45. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of -67.38, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The company’s 50-day simple moving average is $21.63 and its two-hundred day simple moving average is $24.55.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. Equities analysts forecast that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 3.84%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -258.82%.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock valued at $39,936,000 after acquiring an additional 123,776 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Americold Realty Trust by 139.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company’s stock valued at $1,322,000 after acquiring an additional 35,973 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after acquiring an additional 165,667 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Americold Realty Trust by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 53,236 shares of the company’s stock valued at $1,139,000 after acquiring an additional 17,295 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Americold Realty Trust by 19.6% during the 4th quarter. Park Avenue Securities LLC now owns 21,156 shares of the company’s stock valued at $453,000 after acquiring an additional 3,464 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Citigroup reduced 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 research note on Wednesday, December 4th. Truist Financial reduced their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Scotiabank reduced their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.17.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.