Americold Realty Trust, Inc. (NYSE:COLD) Declares Quarterly Dividend of $0.23

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders of record on Friday, March 28th will be paid 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 4.32%. The ex-dividend date of this dividend 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 payment 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 Price Performance

Shares of COLD traded down $0.58 during trading hours on Friday, reaching $21.29. 2,299,669 shares of the stock traded hands, compared to its average volume of 2,054,692. Americold Realty Trust has a 52-week low of $20.41 and a 52-week high of $30.45. 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 company has a market cap of $6.05 billion, a P/E ratio of -62.60, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The company's 50-day moving average price is $21.78 and its two-hundred day moving average price is $23.88.

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

Analyst Ratings Changes

COLD has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday. Raymond James reduced their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Scotiabank increased their price objective on shares of 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, Truist Financial reduced their target price on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.08.

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.