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

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.23 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

Americold Realty Trust has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. 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 research analysts expect Americold Realty Trust to earn $1.23 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 74.8%.

Americold Realty Trust Stock Down 0.0%

Shares of NYSE:COLD opened at $14.40 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -36.93 and a beta of 0.89. The firm’s 50-day simple moving average is $12.46 and its 200-day simple moving average is $12.37. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.27. Americold Realty Trust has a fifty-two week low of $10.10 and a fifty-two week high of $18.08.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.33. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $613.77 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, equities research analysts predict that Americold Realty Trust will post 1.18 earnings per share for the current year.

Wall Street Analyst Weigh In

COLD has been the subject of several recent analyst reports. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a research note on Friday, May 8th. Evercore set a $17.00 price objective on shares of Americold Realty Trust in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays lifted their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company lifted their target price on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $14.67.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.