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

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Tuesday, December 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.23 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, December 31st.

Americold Realty Trust has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Americold Realty Trust has a payout ratio of 255.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

COLD traded up $0.15 during midday trading on Wednesday, reaching $12.75. The company had a trading volume of 426,504 shares, compared to its average volume of 4,208,420. The business has a 50-day moving average of $12.10 and a two-hundred day moving average of $14.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $23.52. The company has a market cap of $3.63 billion, a P/E ratio of -58.16, a P/E/G ratio of 4.02 and a beta of 0.96.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities research analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on COLD shares. Royal Bank Of Canada downgraded shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. KeyCorp dropped their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Wells Fargo & Company cut their target price on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Citigroup lowered their price target on Americold Realty Trust from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Barclays cut their price objective on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Americold Realty Trust presently has a consensus rating of “Hold” and an average price target of $14.42.

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.