Americold Realty Trust, Inc. (NYSE:COLD) Plans Dividend Increase – $0.23 Per Share

Americold Realty Trust, Inc. (NYSE:COLD) declared a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, March 28th. This is a 4.5% increase from Americold Realty Trust’s previous quarterly dividend of $0.22.

Americold Realty Trust has increased its dividend by an average of 30.8% annually over the last three years. Americold Realty Trust has a dividend 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. 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 Trading Up 0.9 %

Americold Realty Trust stock opened at $22.15 on Wednesday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of -65.13, 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 business’s fifty day simple moving average is $21.75 and its two-hundred day simple moving average is $23.90. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on COLD shares. Raymond James reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Citigroup decreased their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Truist Financial dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Scotiabank boosted their price objective on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a 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 stock. According to data from MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

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.