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

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 5,350,000 shares, a drop of 19.3% from the April 30th total of 6,630,000 shares. Based on an average trading volume of 3,030,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.9% of the company's stock are short sold.

Americold Realty Trust Price Performance

COLD traded up $0.21 on Thursday, reaching $16.81. 2,653,649 shares of the company's stock were exchanged, compared to its average volume of 2,277,713. The stock has a market cap of $4.78 billion, a PE ratio of -49.43, a P/E/G ratio of 1.66 and a beta of 0.95. Americold Realty Trust has a twelve month low of $16.11 and a twelve month high of $30.45. The stock's fifty day moving average price is $18.50 and its 200-day moving average price is $20.79. 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 (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The business's revenue was down 5.4% compared to the same quarter last year. Sell-side analysts expect that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COLD. Citigroup dropped their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Wells Fargo & Company dropped their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.09.

Insider Buying and Selling at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the acquisition, the chief executive officer now owns 110,000 shares in the company, valued at approximately $1,978,900. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jay Wells bought 10,000 shares of Americold Realty Trust stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company's stock, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Americold Realty Trust

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new position in Americold Realty Trust during the fourth quarter worth about $25,000. GKV Capital Management Co. Inc. purchased a new position in Americold Realty Trust during the first quarter worth about $36,000. Parallel Advisors LLC raised its stake in Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the period. Assetmark Inc. raised its stake in Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Americold Realty Trust by 1,081.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company's stock worth $48,000 after purchasing an additional 2,033 shares during the period. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.