Short Interest in Americold Realty Trust Inc. (NYSE:COLD) Declines By 13.2%

Americold Realty Trust Inc. (NYSE:COLD) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 25,455,177 shares, a decline of 13.2% from the December 31st total of 29,318,627 shares. Based on an average daily volume of 5,185,007 shares, the days-to-cover ratio is currently 4.9 days. Currently, 9.0% of the company’s shares are short sold. Currently, 9.0% of the company’s shares are short sold. Based on an average daily volume of 5,185,007 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COLD. AGF Management Ltd. lifted its stake in shares of Americold Realty Trust by 49.2% during the 2nd quarter. AGF Management Ltd. now owns 182,762 shares of the company’s stock valued at $3,039,000 after buying an additional 60,276 shares in the last quarter. LDR Capital Management LLC bought a new stake in Americold Realty Trust during the second quarter valued at about $1,106,000. Clear Harbor Asset Management LLC purchased a new position in shares of Americold Realty Trust in the third quarter valued at about $485,000. Cambiar Investors LLC boosted its stake in shares of Americold Realty Trust by 21.7% in the second quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock worth $7,719,000 after acquiring an additional 82,783 shares during the period. Finally, Chilton Capital Management LLC grew its position in shares of Americold Realty Trust by 3,914.2% during the third quarter. Chilton Capital Management LLC now owns 454,287 shares of the company’s stock worth $5,654,000 after purchasing an additional 442,970 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on COLD shares. Scotiabank upped their price target on Americold Realty Trust from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Friday, January 9th. Zacks Research raised shares of Americold Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. decreased their price target on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, November 14th. Robert W. Baird restated a “neutral” rating and issued a $13.00 price objective (down from $16.00) on shares of Americold Realty Trust in a report on Thursday, December 18th. Finally, Evercore ISI decreased their target price on Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating for the company in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.92.

Americold Realty Trust Stock Up 0.8%

COLD stock traded up $0.10 on Tuesday, reaching $12.66. 274,021 shares of the company traded hands, compared to its average volume of 4,652,737. The firm has a fifty day simple moving average of $12.42 and a 200-day simple moving average of $13.22. The company has a market cap of $3.61 billion, a P/E ratio of -57.65, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91. Americold Realty Trust has a one year low of $10.10 and a one year high of $23.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 6th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The firm had revenue of $663.67 million for the quarter, compared to analysts’ expectations of $659.51 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Research analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Americold Realty Trust’s dividend payout ratio (DPR) is presently -418.18%.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.