Americold Realty Trust, Inc. (NYSE:COLD) Short Interest Down 12.8% in March

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,650,000 shares, a drop of 12.8% from the March 15th total of 3,040,000 shares. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COLD. Raymond James upgraded shares of Americold Realty Trust from a "market perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Thursday, February 29th. KeyCorp reduced their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Scotiabank initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, March 27th. They set a "sector perform" rating and a $27.00 price target for the company. Truist Financial upgraded Americold Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $31.00 to $35.00 in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada cut their price objective on Americold Realty Trust from $34.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in COLD. Norges Bank acquired a new position in shares of Americold Realty Trust in the 4th quarter worth approximately $677,077,000. Principal Financial Group Inc. grew its position in shares of Americold Realty Trust by 36,753.5% in the 4th quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company's stock worth $236,676,000 after acquiring an additional 7,797,617 shares in the last quarter. FMR LLC grew its position in shares of Americold Realty Trust by 76,044.2% in the 3rd quarter. FMR LLC now owns 6,243,067 shares of the company's stock worth $189,852,000 after acquiring an additional 6,234,868 shares in the last quarter. Capital Research Global Investors grew its position in shares of Americold Realty Trust by 30.4% in the 1st quarter. Capital Research Global Investors now owns 8,724,508 shares of the company's stock worth $243,239,000 after acquiring an additional 2,034,178 shares in the last quarter. Finally, State Street Corp grew its position in shares of Americold Realty Trust by 17.1% in the 1st quarter. State Street Corp now owns 11,546,934 shares of the company's stock worth $324,412,000 after acquiring an additional 1,685,692 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Down 2.1 %

COLD stock traded down $0.51 during midday trading on Friday, hitting $23.94. 1,746,658 shares of the company's stock were exchanged, compared to its average volume of 2,219,508. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a 12-month low of $23.47 and a 12-month high of $33.90. The firm has a 50 day moving average price of $25.76 and a 200-day moving average price of $27.46. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of -19.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.52.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.22 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.68%. Americold Realty Trust's payout ratio is -72.73%.

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.

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