Americold Realty Trust, Inc. (NYSE:COLD) Plans $0.22 Quarterly Dividend

Americold Realty Trust, Inc. (NYSE:COLD) declared a quarterly dividend on Tuesday, December 17th,RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.91%.

Americold Realty Trust has raised its dividend by an average of 43.2% per year over the last three years. Americold Realty Trust has a payout ratio of 179.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Americold Realty Trust to earn $1.49 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 59.1%.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $22.49 on Tuesday. Americold Realty Trust has a 12-month low of $21.53 and a 12-month high of $30.59. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of -22.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59. The business has a 50 day simple moving average of $24.41 and a 200 day simple moving average of $26.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Americold Realty Trust will post 1.38 EPS for the current year.

Insiders Place Their Bets

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COLD shares. Scotiabank cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Raymond James cut their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Royal Bank of Canada cut their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Truist Financial cut their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, Barclays cut their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.