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

Americold Realty Trust, Inc. (NYSE:COLD) declared a quarterly dividend on Tuesday, May 20th, RTT News reports. Investors of record on Monday, June 30th will be paid a dividend of 0.23 per share on Tuesday, July 15th. This represents a $0.92 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Monday, June 30th.

Americold Realty Trust has increased its dividend by an average of 30.8% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Americold Realty Trust has a dividend payout ratio of 230.0% 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 $0.92 annual dividend with an expected future payout ratio of 57.5%.

Americold Realty Trust Stock Down 3.5%

Shares of COLD opened at $17.16 on Thursday. Americold Realty Trust has a fifty-two week low of $16.56 and a fifty-two week high of $30.45. The company’s fifty day moving average is $19.62 and its two-hundred day moving average is $21.29. The firm has a market cap of $4.89 billion, a PE ratio of -50.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $628.98 million during the quarter, compared to analysts’ expectations of $667.18 million. During the same period last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. Analysts forecast that Americold Realty Trust will post 1.47 earnings per share for the current year.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $179,100. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the purchase, the chief executive officer now owns 110,000 shares in the company, valued at $1,978,900. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently made changes to their positions in COLD. Goldman Sachs Group Inc. boosted its stake in Americold Realty Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock valued at $45,025,000 after acquiring an additional 626,160 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Americold Realty Trust in the 1st quarter valued at about $240,000. Finally, Jane Street Group LLC raised its stake in shares of Americold Realty Trust by 8.7% in the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock valued at $1,531,000 after purchasing an additional 5,693 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COLD. Barclays upgraded Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $26.00 to $21.00 in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday. Citigroup dropped their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $26.09.

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.