AmeriCold Realty Trust (NYSE:COLD) Short Interest Update
AmeriCold Realty Trust (NYSE:COLD) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 17,273,300 shares, a decline of 19.5% from the June 15th total of 21,464,200 shares. Approximately 12.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is presently 7.3 days.
Institutional investors have recently modified their holdings of the business. Huntington National Bank acquired a new position in shares of AmeriCold Realty Trust in the second quarter worth about $28,000. Quadrant Capital Group LLC acquired a new position in shares of AmeriCold Realty Trust in the first quarter worth about $56,000. FNY Investment Advisers LLC acquired a new position in shares of AmeriCold Realty Trust in the second quarter worth about $81,000. Valeo Financial Advisors LLC acquired a new position in shares of AmeriCold Realty Trust in the first quarter worth about $90,000. Finally, World Asset Management Inc acquired a new position in shares of AmeriCold Realty Trust in the second quarter worth about $204,000. Institutional investors and hedge funds own 84.49% of the company’s stock.
COLD has been the topic of a number of research analyst reports. Raymond James reissued a “buy” rating on shares of West Fraser Timber in a report on Monday, April 22nd. Citigroup set a $210.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a report on Monday, July 1st. Finally, Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.75.
AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. The company had revenue of $393.10 million for the quarter, compared to analyst estimates of $380.18 million. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, equities research analysts predict that AmeriCold Realty Trust will post 1.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.38%. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 67.80%.
AmeriCold Realty Trust Company Profile
Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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