Asset Management One Co. Ltd. Increases Holdings in Lineage, Inc. (NASDAQ:LINE)

Asset Management One Co. Ltd. increased its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,566 shares of the company's stock after buying an additional 5,429 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Lineage were worth $5,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Lineage in the 3rd quarter worth $867,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Lineage in the third quarter valued at about $23,893,000. IFM Investors Pty Ltd acquired a new stake in Lineage during the third quarter worth about $1,122,000. Spirit of America Management Corp NY purchased a new position in Lineage during the third quarter worth about $165,000. Finally, State of Alaska Department of Revenue purchased a new position in Lineage during the third quarter worth about $2,306,000.

Lineage Trading Down 1.5 %

Shares of NASDAQ:LINE traded down $0.82 during trading on Friday, hitting $53.88. The company's stock had a trading volume of 1,053,518 shares, compared to its average volume of 796,806. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The business has a 50 day moving average price of $58.11 and a two-hundred day moving average price of $69.64.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.5275 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.92%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LINE. Evercore ISI cut their price target on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating for the company in a report on Thursday, November 7th. Scotiabank cut their target price on Lineage from $76.00 to $73.00 and set a "sector outperform" rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their target price on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada lowered their price target on Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Finally, Mizuho reduced their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lineage presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.88.

Lineage Company Profile

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.