Americold Realty Trust, Inc. (NYSE:COLD) Sees Large Drop in Short Interest

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 3,190,000 shares, a drop of 11.1% from the May 31st total of 3,590,000 shares. Based on an average daily trading volume, of 2,320,000 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Americold Realty Trust

Several large investors have recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC raised its stake in shares of Americold Realty Trust by 74.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Americold Realty Trust in the fourth quarter worth $50,000. Principal Securities Inc. bought a new stake in shares of Americold Realty Trust during the 4th quarter worth $80,000. Signaturefd LLC grew its stake in Americold Realty Trust by 24.0% in the 4th quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after buying an additional 659 shares during the last quarter. Finally, Norden Group LLC bought a new position in Americold Realty Trust in the 1st quarter worth $220,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Stock Up 1.7 %

COLD stock traded up $0.43 during midday trading on Wednesday, reaching $26.28. The company had a trading volume of 950,425 shares, compared to its average volume of 2,400,334. The company has a 50 day moving average of $24.91 and a two-hundred day moving average of $26.23. The company has a market capitalization of $7.46 billion, a P/E ratio of -22.47, a PEG ratio of 1.81 and a beta of 0.59. Americold Realty Trust has a 1 year low of $21.87 and a 1 year high of $33.90. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.35%. Americold Realty Trust’s dividend payout ratio is currently -75.21%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. KeyCorp reduced their target price on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research note on Wednesday, June 26th. Scotiabank raised shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $27.00 to $30.00 in a research report on Thursday, May 23rd. Wells Fargo & Company started coverage on shares of Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target for the company. Finally, Barclays raised 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 note on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.60.

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.