Americold Realty Trust Inc. (COLD) to Issue Quarterly Dividend of $0.23 on July 15th

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be given a dividend of 0.23 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Americold Realty Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Americold Realty Trust has a dividend payout ratio of 255.6% 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 $1.21 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 76.0%.

Americold Realty Trust Price Performance

NYSE:COLD opened at $15.97 on Friday. The stock has a 50 day moving average of $14.11 and a two-hundred day moving average of $13.02. Americold Realty Trust has a 12 month low of $10.10 and a 12 month high of $17.28. The firm has a market cap of $4.56 billion, a P/E ratio of -40.96 and a beta of 0.97. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.27.

Americold Realty Trust (NYSE:COLD) last released 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. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $613.77 million. During the same quarter last year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts expect that Americold Realty Trust will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank increased their target price on shares of Americold Realty Trust from $14.00 to $15.50 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Evercore upgraded shares of Americold Realty Trust from an “in-line” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Friday. Royal Bank Of Canada raised their target price on shares of Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 26th. Citigroup boosted their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Piper Sandler initiated coverage on Americold Realty Trust in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $13.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Hold” and an average target price of $14.79.

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.