Americold Realty Trust Inc. (NYSE:COLD) Short Interest Up 52.8% in September

Key Points

• Americold Realty Trust's short interest rose by 52.8% in September, totaling 13,160,000 shares, compared to 8,610,000 shares in August.
• Wall Street analysts have lowered their target prices for Americold Realty Trust, with the average consensus rating classified as a "Hold" and a target price of $18.67.
• The company has declared a quarterly dividend of $0.23 per share, representing an annualized rate of $0.92 and a dividend yield of 6.9%.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 13,160,000 shares, a growth of 52.8% from the August 31st total of 8,610,000 shares. Based on an average daily volume of 4,560,000 shares, the short-interest ratio is currently 2.9 days. Based on an average daily volume of 4,560,000 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

COLD has been the subject of several recent analyst reports. KeyCorp lowered their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday. Wells Fargo & Company reduced their target price on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Scotiabank cut their price target on shares of Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, September 5th. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Finally, Barclays lowered their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.67.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in Americold Realty Trust by 49,833.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock valued at $25,000 after acquiring an additional 1,495 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock worth $27,000 after purchasing an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust during the first quarter valued at $36,000. Parallel Advisors LLC increased its holdings in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after buying an additional 826 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Trading Down 0.6%

Shares of NYSE COLD traded down $0.09 during midday trading on Tuesday, reaching $13.36. The stock had a trading volume of 2,365,594 shares, compared to its average volume of 3,530,859. The company's 50 day moving average price is $14.10 and its 200 day moving average price is $16.65. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -70.39, a price-to-earnings-growth ratio of 4.14 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust has a twelve month low of $11.90 and a twelve month high of $27.24.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $650.75 million during the quarter, compared to analyst estimates of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. Americold Realty Trust's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, sell-side analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Americold Realty Trust's payout ratio is -484.21%.

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.

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