Americold Realty Trust, Inc. (COLD) To Go Ex-Dividend on December 31st

Americold Realty Trust, Inc. (NYSE:COLD) announced a quarterly dividend on Tuesday, December 17th,RTT News reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.22 per share on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st.

Americold Realty Trust has increased its dividend payment by an average of 43.2% annually over the last three years. Americold Realty Trust has a payout ratio of 179.6% 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 $1.49 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 59.1%.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $21.70 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of -21.49, a P/E/G ratio of 1.80 and a beta of 0.59. The firm has a fifty day moving average price of $24.32 and a 200 day moving average price of $26.65. Americold Realty Trust has a fifty-two week low of $21.53 and a fifty-two week high of $30.59.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, sell-side analysts expect that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COLD has been the topic of a number of research analyst reports. Barclays cut their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Evercore ISI raised their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Citigroup lowered their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Truist Financial reduced 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 research note on Thursday, December 5th. Finally, Scotiabank cut their price target on Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Insiders Place Their Bets

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.