Americold Realty Trust Inc. (NYSE:COLD) Plans $0.23 Quarterly Dividend

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Wednesday, August 26th. Investors of record on Wednesday, September 30th will be given a dividend of 0.23 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Americold Realty Trust has raised its dividend payment by an average of 0.0%annually 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. Equities analysts expect Americold Realty Trust to earn $1.26 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 73.0%.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $15.33 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $4.38 billion, a P/E ratio of -9.64 and a beta of 0.97. The company’s 50 day moving average price is $15.07 and its two-hundred day moving average price is $13.75. Americold Realty Trust has a 52 week low of $10.10 and a 52 week high of $16.88.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The company had revenue of $662.89 million during the quarter, compared to the consensus estimate of $613.54 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was up 1.9% 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 1.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on COLD shares. UBS Group upped their target price on shares of Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Citigroup boosted their price target on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. KeyCorp reiterated an “overweight” rating on shares of Americold Realty Trust in a report on Monday, August 10th. Finally, Barclays lifted their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $15.63.

About Americold Realty Trust

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.