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

Americold Realty Trust, Inc. (NYSE:COLD) was the target of a large 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 trading volume of 2,430,000 shares, the short-interest ratio is presently 1.5 days.

Americold Realty Trust Stock Performance

Shares of COLD traded up $0.18 during midday trading on Monday, reaching $25.67. 305,539 shares of the stock were exchanged, compared to its average volume of 2,438,250. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $33.90. The firm has a 50 day simple moving average of $24.42 and a 200-day simple moving average of $26.52. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.15.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, June 28th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -75.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on COLD shares. Scotiabank raised Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $27.00 to $30.00 in a research report on Thursday, May 23rd. Royal Bank of Canada dropped their price target on 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. Barclays increased their target price on 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. Raymond James raised Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Thursday, February 29th. Finally, Wells Fargo & Company initiated coverage on Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Institutional Investors Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. VisionPoint Advisory Group LLC raised its stake in shares of Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Americold Realty Trust by 5.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,542 shares of the company’s stock valued at $260,000 after acquiring an additional 423 shares in the last quarter. Capital Square LLC raised its stake in shares of Americold Realty Trust by 1.2% in the 4th quarter. Capital Square LLC now owns 42,595 shares of the company’s stock valued at $1,289,000 after acquiring an additional 511 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Americold Realty Trust by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 118,606 shares of the company’s stock valued at $3,607,000 after acquiring an additional 600 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of 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 acquiring an additional 659 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

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.