Short Interest in Americold Realty Trust, Inc. (NYSE:COLD) Grows By 28.7%

Americold Realty Trust, Inc. (NYSE:COLD) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 3,590,000 shares, an increase of 28.7% from the May 15th total of 2,790,000 shares. Based on an average daily volume of 2,430,000 shares, the days-to-cover ratio is currently 1.5 days.

Americold Realty Trust Trading Up 1.4 %

Shares of COLD traded up $0.35 during trading hours on Monday, hitting $25.84. The company had a trading volume of 531,374 shares, compared to its average volume of 2,440,197. The business has a fifty day moving average of $24.42 and a 200-day moving average of $26.52. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, June 28th. Americold Realty Trust’s payout ratio is presently -75.21%.

Analyst Ratings Changes

A number of brokerages have recently commented on COLD. Raymond James raised shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Thursday, February 29th. Barclays boosted their price objective on shares of Americold Realty Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Wells Fargo & Company initiated coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They set an “equal weight” rating and a $24.00 price target on the stock. KeyCorp dropped their price target on shares of Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, Royal Bank of Canada dropped their price target on shares of Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $30.78.

Hedge Funds Weigh In On Americold Realty Trust

Several large investors have recently modified their holdings of COLD. Vanguard Group Inc. grew its stake in shares of Americold Realty Trust by 2.9% in the first quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock valued at $982,509,000 after acquiring an additional 1,095,116 shares in the last quarter. Norges Bank acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at about $677,077,000. Principal Financial Group Inc. grew its stake in shares of Americold Realty Trust by 49.6% in the first quarter. Principal Financial Group Inc. now owns 11,698,465 shares of the company’s stock valued at $291,526,000 after acquiring an additional 3,879,632 shares in the last quarter. FMR LLC grew its stake in shares of Americold Realty Trust by 76,044.2% in the third quarter. FMR LLC now owns 6,243,067 shares of the company’s stock valued at $189,852,000 after acquiring an additional 6,234,868 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Americold Realty Trust by 9.8% in the third quarter. Invesco Ltd. now owns 6,207,106 shares of the company’s stock valued at $188,758,000 after acquiring an additional 552,287 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

About Americold Realty Trust

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.