Americold Realty Trust, Inc. (NYSE:COLD) Declares Quarterly Dividend of $0.23

Americold Realty Trust, Inc. (NYSE:COLD) announced a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.23 per share on Tuesday, April 15th. This represents a $0.92 annualized dividend and a dividend yield of 4.19%. This is a 4.5% increase from Americold Realty Trust’s previous quarterly dividend of $0.22.

Americold Realty Trust has raised its dividend payment by an average of 30.8% per year over the last three years. Americold Realty Trust has a dividend payout ratio of 187.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Americold Realty Trust to earn $1.60 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 55.0%.

Americold Realty Trust Stock Up 2.7 %

Shares of NYSE:COLD opened at $21.96 on Tuesday. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45. The company’s 50-day moving average price is $21.73 and its two-hundred day moving average price is $24.00. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.25 billion, a P/E ratio of -64.60, a P/E/G ratio of 1.66 and a beta of 0.57.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The firm had revenue of $666.44 million for the quarter, compared to analyst estimates of $684.03 million. As a group, research analysts forecast that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COLD shares. Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Citigroup cut their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Barclays cut their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Truist Financial cut their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Scotiabank increased their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $29.25.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.