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

Americold Realty Trust, Inc. (NYSE:COLD) declared a quarterly dividend on Monday, March 17th, RTT News reports. Investors 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 yield of 4.30%. This is a 4.5% increase from Americold Realty Trust’s previous quarterly dividend of $0.22.

Americold Realty Trust has raised its dividend by an average of 30.8% per year over the last three years. Americold Realty Trust has a 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. Research 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 Performance

COLD stock opened at $21.39 on Monday. The firm has a market cap of $6.08 billion, a PE ratio of -62.90, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $21.73 and a 200-day moving average price of $24.00. Americold Realty Trust has a 1-year low of $20.41 and a 1-year high of $30.45.

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

Analysts Set New Price Targets

A number of research firms have commented on COLD. Citigroup reduced their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Truist Financial decreased their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Raymond James cut their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Barclays decreased their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Scotiabank lifted 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.