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

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be given a dividend of 0.23 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

Americold Realty Trust has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. 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. Analysts expect Americold Realty Trust to earn $1.23 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 74.8%.

Americold Realty Trust Price Performance

Americold Realty Trust stock opened at $14.40 on Friday. Americold Realty Trust has a 1 year low of $10.10 and a 1 year high of $18.08. The firm has a 50 day moving average price of $12.46 and a 200 day moving average price of $12.37. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -36.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.11 and a current ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.33. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The company had revenue of $629.87 million during the quarter, compared to the consensus estimate of $613.77 million. During the same period in the previous year, the firm earned $0.34 earnings per share. Americold Realty Trust’s revenue for the quarter was up .2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Sell-side analysts predict that Americold Realty Trust will post 1.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Americold Realty Trust during the fourth quarter worth $26,000. LRI Investments LLC lifted its position in shares of Americold Realty Trust by 90.4% during the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Americold Realty Trust by 252.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Americold Realty Trust by 63.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after purchasing an additional 948 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.