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

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Wednesday, September 3rd, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.23 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, September 30th.

Americold Realty Trust has a dividend payout ratio of 255.6% 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 $0.92 annual dividend with an expected future payout ratio of 57.5%.

Americold Realty Trust Trading Up 0.5%

Shares of COLD opened at $13.95 on Friday. Americold Realty Trust has a 52-week low of $13.73 and a 52-week high of $29.58. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $15.67 and its two-hundred day moving average is $18.08. The stock has a market cap of $3.97 billion, a PE ratio of -73.40, a price-to-earnings-growth ratio of 4.29 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The company had revenue of $650.75 million for the quarter, compared to analysts’ expectations of $644.95 million. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Company Profile

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.