Americold Realty Trust Inc. (COLD) To Go Ex-Dividend on December 31st

Americold Realty Trust Inc. (NYSE:COLD) announced a quarterly dividend on Tuesday, December 16th. Shareholders 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 7.2%. The ex-dividend date is Wednesday, December 31st.

Americold Realty Trust has increased its dividend payment 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 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 $1.60 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 1.9%

Shares of NYSE:COLD opened at $12.81 on Monday. Americold Realty Trust has a 52-week low of $10.10 and a 52-week high of $23.52. The company has a market capitalization of $3.65 billion, a PE ratio of -58.20, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.11 and a current ratio of 0.11. The company has a fifty day moving average of $11.92 and a 200-day moving average of $13.89.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative return on equity of 1.96% and a negative net margin of 2.39%.The company had revenue of $663.67 million for the quarter, compared to the consensus estimate of $659.51 million. During the same quarter last year, the business posted $0.35 EPS. Americold Realty Trust’s revenue for the quarter was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, equities analysts predict that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Americold Realty Trust

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in Americold Realty Trust during the third quarter valued at $2,568,000. Swiss Life Asset Management Ltd acquired a new position in shares of Americold Realty Trust in the 3rd quarter valued at about $156,000. CIBC Bancorp USA Inc. bought a new stake in shares of Americold Realty Trust during the 3rd quarter valued at about $916,000. Wilmington Savings Fund Society FSB acquired a new stake in Americold Realty Trust during the third quarter worth approximately $61,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in 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 during the period. Institutional investors own 98.14% of the company’s stock.

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.