Americold Realty Trust, Inc. (NYSE:COLD) Plans $0.22 Quarterly Dividend

Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) declared a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.22 per share on Monday, July 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, June 28th.

Americold Realty Trust has increased its dividend payment by an average of 43.2% per year over the last three years and has increased its dividend every year for the last 2 years. Americold Realty Trust has a dividend payout ratio of 179.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 1.8 %

Americold Realty Trust stock traded down $0.45 during mid-day trading on Wednesday, reaching $25.30. The stock had a trading volume of 1,929,646 shares, compared to its average volume of 2,351,781. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of -21.62, a PEG ratio of 1.85 and a beta of 0.54. The company has a 50-day moving average price of $23.87 and a two-hundred day moving average price of $26.59. Americold Realty Trust has a one year low of $21.87 and a one year high of $33.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Americold Realty Trust from $34.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 28th. Barclays reduced their target price on shares of Americold Realty Trust from $32.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, March 27th. KeyCorp reduced their target price on shares of Americold Realty Trust from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Wells Fargo & Company began coverage on shares of Americold Realty Trust in a report on Thursday, April 25th. They issued an "equal weight" rating and a $24.00 target price for the company. Finally, Raymond James raised shares of Americold Realty Trust from a "market perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

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.