AmeriCold Realty Trust (NYSE:COLD) declared a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.20 per share on Monday, July 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 27th.
AmeriCold Realty Trust has a payout ratio of 127.0% 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 $1.39 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 57.6%.
COLD opened at $31.84 on Friday. The stock has a market capitalization of $6.10 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.24 and a quick ratio of 0.24. AmeriCold Realty Trust has a twelve month low of $20.45 and a twelve month high of $32.56.
In other news, Director Ronald W. Burkle sold 38,422,583 shares of AmeriCold Realty Trust stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.47, for a total value of $1,055,468,355.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in AmeriCold Realty Trust stock. Dimensional Fund Advisors LP acquired a new stake in AmeriCold Realty Trust (NYSE:COLD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,388 shares of the company’s stock, valued at approximately $316,000. Institutional investors and hedge funds own 75.69% of the company’s stock.
Several equities analysts have recently weighed in on COLD shares. Berenberg Bank started coverage on shares of AmeriCold Realty Trust in a research note on Wednesday, March 13th. They issued a “buy” rating and a $35.00 target price for the company. Raymond James lifted their target price on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $30.86.
About AmeriCold Realty Trust
Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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