Americold Realty Trust, Inc. (COLD) To Go Ex-Dividend on March 28th

Americold Realty Trust, Inc. (NYSE:COLD) announced a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 4.28%. 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 raised its dividend by an average of 30.8% annually over the last three years. Americold Realty Trust has a payout ratio of 195.7% indicating that 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 $1.60 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

NYSE:COLD opened at $21.51 on Wednesday. The business’s fifty day moving average is $21.80 and its 200 day moving average is $23.69. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of -63.26, a PEG ratio of 1.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust has a 52-week low of $20.41 and a 52-week high of $30.45.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Raymond James reduced their target price on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Scotiabank raised their price target 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. Finally, Citigroup cut their price objective on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.82.

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.