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

by · The Cerbat Gem

Americold Realty Trust Inc. (NYSE:COLD – Get Free Report) declared a quarterly dividend on Tuesday, December 16th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.23 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Wednesday, December 31st.

Americold Realty Trust has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive 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 $1.60 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 Up 2.7%

Shares of COLD traded up $0.33 during midday trading on Wednesday, hitting $12.93. The stock had a trading volume of 1,038,447 shares, compared to its average volume of 4,210,905. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -58.84, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96. The company has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $14.16. Americold Realty Trust has a twelve month low of $10.10 and a twelve month high of $23.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.11 and a quick ratio of 0.11.

Americold Realty Trust (NYSE:COLD – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.Americold Realty Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Americold Realty Trust Company Profile

(Get Free Report)

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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