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

Key Points

• Americold Realty Trust inc. experienced a significant increase in short interest, rising by 75.6% to a total of 23,110,000 shares as of September 30th.
• The company recently reported a quarterly EPS of $0.36, exceeding estimates, although revenue showed a 1.5% decline year-over-year.
• Analysts have adjusted their price targets for Americold Realty Trust, with KeyCorp reducing its target from $23.00 to $18.00 and others also lowering their estimates significantly.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 23,110,000 shares, an increase of 75.6% from the September 15th total of 13,160,000 shares. Based on an average daily volume of 5,170,000 shares, the days-to-cover ratio is presently 4.5 days. Based on an average daily volume of 5,170,000 shares, the days-to-cover ratio is presently 4.5 days.

Americold Realty Trust Trading Up 0.1%

COLD traded up $0.01 on Thursday, hitting $13.67. 6,117,769 shares of the company were exchanged, compared to its average volume of 6,439,298. 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 12 month low of $11.90 and a 12 month high of $26.66. The firm has a fifty day simple moving average of $13.60 and a two-hundred day simple moving average of $16.04. The stock has a market capitalization of $3.89 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 4.36 and a beta of 0.81.

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

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.7%. The ex-dividend date was Tuesday, September 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -484.21%.

Analysts Set New Price Targets

COLD has been the subject of a number of recent analyst reports. KeyCorp reduced their target price on Americold Realty Trust from $23.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, October 3rd. Barclays decreased their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Americold Realty Trust in a research note on Wednesday, October 8th. Scotiabank reduced 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 report on Friday, September 5th. Finally, Wells Fargo & Company decreased their price target on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $18.08.

Institutional Trading of Americold Realty Trust

Several large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company's stock worth $25,000 after purchasing an additional 1,495 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 buying an additional 806 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust during the 1st quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its holdings in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock worth $37,000 after acquiring an additional 1,593 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company's stock worth $42,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 98.14% of the company's stock.

Americold Realty Trust Company Profile

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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