Asset Management One Co. Ltd. Acquires Shares of 84,137 Lineage, Inc. (NASDAQ:LINE)

Asset Management One Co. Ltd. purchased a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,137 shares of the company's stock, valued at approximately $6,595,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE acquired a new position in shares of Lineage during the 3rd quarter valued at $25,000. Spirit of America Management Corp NY purchased a new position in Lineage in the third quarter worth $165,000. Perpetual Ltd bought a new position in shares of Lineage during the 3rd quarter valued at $324,000. Harbour Capital Advisors LLC bought a new position in shares of Lineage in the third quarter worth approximately $380,000. Finally, SG Americas Securities LLC purchased a new stake in Lineage in the 3rd quarter worth approximately $658,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LINE shares. Truist Financial started coverage on Lineage in a report on Monday, August 19th. They set a "buy" rating and a $94.00 price target on the stock. The Goldman Sachs Group lowered their price target on Lineage from $105.00 to $104.00 and set a "buy" rating for the company in a report on Friday, September 13th. Mizuho started coverage on Lineage in a research note on Monday, August 19th. They issued a "neutral" rating and a $86.00 target price for the company. Scotiabank dropped their target price on shares of Lineage from $95.00 to $94.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 26th. Finally, Capital One Financial initiated coverage on shares of Lineage in a report on Monday, September 16th. They issued an "overweight" rating and a $91.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lineage has a consensus rating of "Moderate Buy" and a consensus price target of $92.50.

Lineage Stock Down 1.1 %

Shares of LINE stock traded down $0.76 on Friday, hitting $67.32. 1,265,480 shares of the stock were exchanged, compared to its average volume of 723,068. Lineage, Inc. has a one year low of $66.94 and a one year high of $89.85. The firm has a 50 day moving average price of $77.68. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10.

Lineage Dividend Announcement

The business also recently declared a -- dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date was Monday, September 30th.

Lineage 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.