Americold Realty Trust, Inc. Announces Quarterly Dividend of $0.22 (NYSE:COLD)

Americold Realty Trust, Inc. (NYSE:COLD) announced a quarterly dividend on Tuesday, September 3rd, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.22 per share on Tuesday, October 15th. This represents a $0.88 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Monday, September 30th.

Americold Realty Trust has increased its dividend by an average of 43.2% per year over the last three years. Americold Realty Trust has a dividend payout ratio of 183.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Americold Realty Trust to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 58.7%.

Americold Realty Trust Trading Up 0.4 %

NYSE:COLD opened at $29.11 on Wednesday. The company has a 50-day moving average price of $28.25 and a 200-day moving average price of $26.07. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -24.88, a P/E/G ratio of 1.98 and a beta of 0.59. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $33.72.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Equities analysts predict that Americold Realty Trust will post 1.35 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Wednesday, June 26th. Scotiabank lifted their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays reduced their price objective on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.91.

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.