Americold Realty Trust Inc. (NYSE:COLD) to Issue Quarterly Dividend of $0.23

Key Points

• Americold Realty Trust Inc. has declared a quarterly dividend of $0.23 per share for investors of record on September 30th, to be paid on October 15th, representing an annualized yield of 6.6%.
• The company currently has a payout ratio of 255.6%, indicating it cannot fully cover its dividend with earnings but is expected to have a more manageable payout ratio of 57.5% next year.
• Americold Realty Trust reported a net margin of -2.09% for the last quarter, with earnings per share of $0.36, which surpassed analyst expectations of $0.34.

Americold Realty Trust Inc. (NYSE:COLD - Get Free Report) declared a quarterly dividend on Wednesday, September 3rd, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.23 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 6.6%.

Americold Realty Trust has a 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 research 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 Price Performance

Shares of Americold Realty Trust stock traded down $0.18 during trading on Wednesday, hitting $13.91. 6,507,802 shares of the company were exchanged, compared to its average volume of 3,055,275. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a fifty-two week low of $13.82 and a fifty-two week high of $29.58. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -73.20, a P/E/G ratio of 4.47 and a beta of 0.84. The firm has a 50 day moving average price of $15.78 and a 200 day moving average price of $18.16.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. During the same period in the previous year, the firm posted $0.38 EPS. The company's quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

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.

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